Bharat Forge share price up 0.18 per cent

Shares of Bharat Forge Ltd. traded 0.18 per cent up at Rs 800.1 at around 11:44AM (IST) on Tuesday. The stock had closed at Rs 798.65 in the previous session. Equity benchmark Sensex traded 188.98 points lower at 62598.49 around the same time.


The scrip has climbed 23.2 per cent in the last one year till date, while the 30-share index has gained 13.03 per cent during the same period.

The stock's 52-week high price stood at Rs 919.5 and the 52-week low price at Rs 615.0.

Trading volume on the counter stood at 23,024 shares, while it quoted a price-to-earnings ratio of 57.85, an EPS value of 13.82 and a price-to-book value of 5.35. In the Nifty50 pack, 25 stocks traded in the green, while 25 stocks were in the red.

Promoter/FII Holding
Promoters held 45.25 per cent stake in the company as of 31-Mar-2023, while overseas investor and mutual funds' ownership stood at 16.17 per cent and 19.89 per cent, respectively.

Key Financials
For the quarter ended 31-Mar-2023, the company reported consolidated sales of Rs 3686.85 crore, up 8.76 per cent from the previous quarter's Rs 3389.95 crore and up 0.84 per cent from the year-ago quarter's Rs 3656.05 crore. The company reported net profit of Rs 250.62 crore for the latest quarter.

Technical Indicators
The MACD signalled a bullish bias on the counter. The MACD is known for signalling trend reversals in traded securities or indices. It is the difference between the 26-day and 12-day exponential moving averages. A nine-day exponential moving average, called the signal line, is plotted on top of the MACD to reflect "buy" or "sell" opportunities. When the MACD crosses below the signal line, it gives a bearish signal, indicating that the price of the security may see a downward movement and vice versa.