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    Bharat Forge shares decline 1.53% as Sensex slides

    Synopsis

    A total of 11,648 shares changed hands on the counter till 12:12PM (IST)

    A man walks past the Bombay Stock Exchange (BSE) building in MumbaiReuters
    Stocks in focus: RIL, Tata Motors, Infosys, IIFL Securities, Apollo Hospitals, Punjab National Bank, NBCC and more..
    Shares of the Bharat Forge Ltd. traded at Rs 1067.1 on BSE at 12:12PM (IST) on Wednesday, down 1.53 per cent from previous close.

    The scrip quoted a 52-week low price of Rs 683.05 and a high of Rs 1147.95.

    Earlier, shares of the company saw a gap down opening in the morning.

    A total of 11,648 lakh shares changed hands on the counter till 12:12PM (IST).

    The stock of Bharat Forge Ltd. commands a market value of Rs 49673.65 crore.

    The stock traded at a price-to-earning (P/E) multiple of 70.72, while the price-to-book value ratio stood at 5.35. Return on equity (ROE) was at 7.87 per cent, according to exchange data.

    In the BSE500 pack, 151 stocks traded in the green, while 350 stocks were in the red.

    Promotor Holding
    Promoters held 45.25 per cent in the Bharat Forge Ltd. as of 30-Jun-2023 while foreign portfolio investors and domestic institutional investors owned 15.79 per cent and 28.31 per cent, respectively.
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