Share price of Bharat Forge falls as Nifty weakens

Shares of Bharat Forge Ltd. slipped 0.59 per cent to Rs 1035.55 in Friday's trade as of 11:42AM (IST).

The stock hit a high price of Rs 1049.95 and low of Rs 1029.05 during the session.

The return on equity (ROE) for the stock stood at 7.87 per cent. Traded volume on the counter stood at 11:42AM shares and turnover at Rs 324.0 crore around that time.

The stock of Bharat Forge Ltd. quoted a 52-week high and 52-week low prices of Rs 1052.0 and Rs 677.85, respectively.

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

Promotor/FII Holding
Promoters held 45.25 per cent stake in the company as of 30-Jun-2023, while FIIs held 15.79 per cent and domestic institutional investors had 28.31 per cent.

Key Financials
The company reported consolidated sales of Rs 3941.42 crore for the quarter ended 30-Jun-2023, up 6.9 per cent from previous quarter's Rs 3686.85 crore and up 36.66 per cent from the year-ago quarter's Rs 2884.04 crore.

Net profit after tax for the latest quarter stood at Rs 223.4 crore, up 35.85 per cent from the same quarter a year ago.