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Bharat Forge Ltd sees sustained buying

Capital Market 

Bharat Forge Ltd is quoting at Rs 513.9, up 0.16% on the day as on 12:44 IST on the NSE. The stock is up 7.85% in last one year as compared to a 14.84% jump in NIFTY and a 7.24% jump in the Nifty Auto.

Bharat Forge Ltd gained for a fifth straight session today. The stock is quoting at Rs 513.9, up 0.16% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is up around 0.6% on the day, quoting at 12330.65. The Sensex is at 41883.32, up 0.68%. Bharat Forge Ltd has gained around 9.13% in last one month.

Meanwhile, Nifty Auto index of which Bharat Forge Ltd is a constituent, has gained around 2.73% in last one month and is currently quoting at 8225.5, down 0.2% on the day. The volume in the stock stood at 5.31 lakh shares today, compared to the daily average of 17.05 lakh shares in last one month.

The benchmark January futures contract for the stock is quoting at Rs 513.9, down 0.13% on the day. Bharat Forge Ltd is up 7.85% in last one year as compared to a 14.84% jump in NIFTY and a 7.24% jump in the Nifty Auto index.

The PE of the stock is 23.28 based on TTM earnings ending September 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: Mon, January 13 2020. 13:00 IST
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