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Bharat Forge Ltd extends losses

Capital Market 

Bharat Forge Ltd is quoting at Rs 486.85, down 1.57% on the day as on 13:19 IST on the NSE. The stock tumbled 30.36% in last one year as compared to a 11.88% rally in NIFTY and a 23.76% fall in the Nifty Auto index.

Bharat Forge Ltd fell for a fifth straight session today. The stock is quoting at 486.85, down 1.57% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 1.07% on the day, quoting at 11333.85. The Sensex is at 37741.42, down 1.11%.Bharat Forge Ltd has eased around 3.83% in last one month.Meanwhile, Nifty Auto index of which Bharat Forge Ltd is a constituent, has eased around 1.95% in last one month and is currently quoting at 8336.6, down 1.22% on the day. The volume in the stock stood at 14.97 lakh shares today, compared to the daily average of 18.83 lakh shares in last one month.

The benchmark March futures contract for the stock is quoting at Rs 487.6, down 1.55% on the day. Bharat Forge Ltd tumbled 30.36% in last one year as compared to a 11.88% rally in NIFTY and a 23.76% fall in the Nifty Auto index.

The PE of the stock is 24.69 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: Mon, March 25 2019. 13:35 IST
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