Bharat Forge shares gain 0.22% as Sensex rises

Shares of Bharat Forge Ltd. traded 0.22 per cent up at Rs 759.7 at 12:30PM (IST) on Monday, even as BSE benchmark Sensex gained 405.35 points to 62433.25. The scrip had closed at Rs 758.05 in the previous session.

The stock quoted a 52-week high and 52-week low of Rs 919.5 and Rs 609.8, respectively.

As per BSE data, total traded volume on the counter till 12:30PM (IST) stood at 12:30PM shares with turnover at Rs 1.51 crore.

At the current price, shares of the company trades at 54.94 times its trailing 12-month EPS of Rs 13.82 per share and 5.35 times its price-to-book value, BSE data showed.

A higher P/E ratio shows investors are willing to pay a higher share price today because of growth expectations in the future. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.

The Beta value of the stock, which measures its volatility in relation to the broader market, stood at 1.45.

Shareholding Details
Promoters held 45.25 per cent stake in the company as of 31-Mar-2023, while FIIs owned 16.17 per cent and DIIs 27.55 per cent.