Bharat Forge Ltd spurts 1.96%, up for fifth straight session

Bharat Forge Ltd is quoting at Rs 1760.6, up 1.96% on the day as on 12:44 IST on the NSE. The stock is up 63.27% in last one year as compared to a 11.58% jump in NIFTY and a 28.97% jump in the Nifty Auto.

Bharat Forge Ltd gained for a fifth straight session today. The stock is quoting at Rs 1760.6, up 1.96% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is down around 0.86% on the day, quoting at 25584. The Sensex is at 82991.58, down 0.82%. Bharat Forge Ltd has gained around 21.66% in last one month.

Meanwhile, Nifty Auto index of which Bharat Forge Ltd is a constituent, has gained around 2.67% in last one month and is currently quoting at 28504.05, down 0.14% on the day. The volume in the stock stood at 34.56 lakh shares today, compared to the daily average of 13.78 lakh shares in last one month.

The benchmark February futures contract for the stock is quoting at Rs 1767.9, up 1.96% on the day. Bharat Forge Ltd is up 63.27% in last one year as compared to a 11.58% jump in NIFTY and a 28.97% jump in the Nifty Auto index.

The PE of the stock is 60.86 based on TTM earnings ending September 25.

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