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Bharat Forge Ltd drops for fifth straight session

Capital Market 

Bharat Forge Ltd is quoting at Rs 469.8, down 0.52% on the day as on 13:24 IST on the NSE. The stock tumbled 37.38% in last one year as compared to a 9.83% rally in NIFTY and a 27.09% fall in the Nifty Auto index.

Bharat Forge Ltd fell for a fifth straight session today. The stock is quoting at Rs 469.8, down 0.52% on the day as on 13:24 IST on the NSE. The benchmark NIFTY is down around 0.16% on the day, quoting at 11729.7. The Sensex is at 39030.17, down 0%.Bharat Forge Ltd has eased around 6.75% in last one month.Meanwhile, Nifty Auto index of which Bharat Forge Ltd is a constituent, has eased around 1.55% in last one month and is currently quoting at 8350.6, down 0.02% on the day. The volume in the stock stood at 2.47 lakh shares today, compared to the daily average of 9.18 lakh shares in last one month.

The benchmark May futures contract for the stock is quoting at Rs 473.2, down 0.29% on the day. Bharat Forge Ltd tumbled 37.38% in last one year as compared to a 9.83% rally in NIFTY and a 27.09% fall in the Nifty Auto index.

The PE of the stock is 23.51 based on TTM earnings ending December 18.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, May 02 2019. 13:35 IST
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