ThinkStock PhotosShares of Bharat Forge Ltd. fell 1.08 per cent to Rs 816.45 in Tuesday's trade as of 01:32PM (IST) even as the benchmark Nifty ruled at 18756.0, up 0.55 points.
The scrip had closed at Rs 825.35 in the previous session. The stock quoted a 52-week low of Rs 615.0 and a high of Rs 919.5. The company quoted a market-cap of Rs 38045.58 crore on the BSE.
On BSE, 13,717 shares have changed hands on the counter so far. At its prevailing price, the stock traded at 59.12 times its trailing 12-month EPS of Rs 13.82 per share and 5.35 times its book value. The return on equity (ROE) stood at Rs 7.87.
Key Financials
For the quarter ended 31-Mar-2023, Bharat Forge Ltd. reported consolidated sales of Rs 3686.85 crore, up 0.84 per cent from the same quarter a year ago. The company reported 6.32 per cent YoY growth in net profit at Rs 250.62 crore for the latest quarter.
Technical indicators
The relative strength index (RSI) of the stock stood at Tuesday. The RSI oscillates between zero and 100. Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold when it is below 30.
Analysts say the RSI indicator should not be seen in isolation, as it may not be sufficient to take a trading call, just the way a fundamental analyst cannot give a "buy" or "sell" recommendation using a single valuation ratio.
The scrip had closed at Rs 825.35 in the previous session. The stock quoted a 52-week low of Rs 615.0 and a high of Rs 919.5. The company quoted a market-cap of Rs 38045.58 crore on the BSE.
On BSE, 13,717 shares have changed hands on the counter so far. At its prevailing price, the stock traded at 59.12 times its trailing 12-month EPS of Rs 13.82 per share and 5.35 times its book value. The return on equity (ROE) stood at Rs 7.87.
Key Financials
For the quarter ended 31-Mar-2023, Bharat Forge Ltd. reported consolidated sales of Rs 3686.85 crore, up 0.84 per cent from the same quarter a year ago. The company reported 6.32 per cent YoY growth in net profit at Rs 250.62 crore for the latest quarter.
Technical indicators
The relative strength index (RSI) of the stock stood at Tuesday. The RSI oscillates between zero and 100. Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold when it is below 30.
Analysts say the RSI indicator should not be seen in isolation, as it may not be sufficient to take a trading call, just the way a fundamental analyst cannot give a "buy" or "sell" recommendation using a single valuation ratio.
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