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Bharat Forge Ltd rises for third straight session

Capital Market 

Bharat Forge Ltd is quoting at Rs 497.05, up 3.05% on the day as on 12:54 IST on the NSE. The stock is down 24.59% in last one year as compared to a 11.79% jump in NIFTY and a 23.55% jump in the Nifty Auto index.

Bharat Forge Ltd is up for a third straight session today. The stock is quoting at Rs 497.05, up 3.05% on the day as on 12:54 IST on the NSE. The benchmark NIFTY is down around 0.32% on the day, quoting at 11886.45. The Sensex is at 39592.11, down 0.23%. Bharat Forge Ltd has gained around 5.25% in last one month.

Meanwhile, Nifty Auto index of which Bharat Forge Ltd is a constituent, has gained around 1.17% in last one month and is currently quoting at 8462.2, down 0.16% on the day. The volume in the stock stood at 20.14 lakh shares today, compared to the daily average of 13.48 lakh shares in last one month.

The benchmark May futures contract for the stock is quoting at Rs 497.45, up 3.02% on the day. Bharat Forge Ltd is down 24.59% in last one year as compared to a 11.79% jump in NIFTY and a 23.55% jump in the Nifty Auto index.

The PE of the stock is 20.94 based on TTM earnings ending March 19.

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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, May 28 2019. 13:05 IST
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