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Bharat Forge Ltd extends gains

Capital Market 

Bharat Forge Ltd is quoting at Rs 512.4, up 3.61% on the day as on 12:44 IST on the NSE. The stock is down 33.67% in last one year as compared to a 2.9% jump in NIFTY and a 24.79% jump in the Nifty Auto.

Bharat Forge Ltd gained for a fifth straight session today. The stock is quoting at Rs 512.4, up 3.61% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is down around 0.19% on the day, quoting at 10859.85. The Sensex is at 36092.31, down 0.33%. Bharat Forge Ltd has gained around 8.88% in last one month.

Meanwhile, Nifty Auto index of which Bharat Forge Ltd is a constituent, has gained around 3.12% in last one month and is currently quoting at 8371.45, up 0.3% on the day. The volume in the stock stood at 17.12 lakh shares today, compared to the daily average of 14.24 lakh shares in last one month.

The benchmark February futures contract for the stock is quoting at Rs 513.3, up 3.71% on the day. Bharat Forge Ltd is down 33.67% in last one year as compared to a 2.9% jump in NIFTY and a 24.79% jump in the Nifty Auto index.

The PE of the stock is 24.63 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: Tue, February 26 2019. 13:00 IST
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