Bharat Forge shares up 2.11% as Nifty gains

Shares of Bharat Forge Ltd. rose 2.11 per cent to Rs 804.75 in Friday's trade. It hit an intraday high of Rs 822.55 and low of Rs 803.85, respectively, during the day.

The stock quoted a 52-week high price of Rs 919.5 and low of Rs 597.5.

As of 10:26AM (IST), the counter saw total traded volume of 29,174 shares with a traded value of Rs 2.36 crore, according to NSE.

The stock had closed at Rs 788.15 in the previous session.

The scrip has declined -6.66 per cent in the past one month till date, while the benchmark BSE Sensex has slipped -5.54 per cent during the same period.

According to exchange data, the stock traded at a price-to-earnings (P/E) multiple of 59.63 while price-to-book ratio stood at 4.97. A higher P/E ratio shows that investors are willing to pay a higher price for per rupee earnings given by the stock because of better future growth expectations. The price-to-book value indicates the inherent value of a company and it reflects the price investors are ready to pay even for no growth in a business.

The stock belongs to the Auto Ancl - Others industry.

Promoter/FII Holding
Promoters held 45.25 per cent stake in the company as of 31-Dec-2022, while FII and MF ownership in the firm stood at 17.88 per cent and 19.47 per cent, respectively.

Key Financials
The company reported consolidated sales of Rs 3389.95 crore for the quarter ended 31-Dec-2022, up 8.57 per cent from the previous quarter's Rs 3122.27 crore and up 39.58 per cent from the year-ago quarter's Rs 2428.64 crore. Its net profit for the latest quarter stood at Rs 82.5 crore, down 80.41 per cent from the same quarter a year ago.