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Bharat Forge Ltd soars 1.61%, rises for fifth straight session

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Capital Market

The stock is quoting at Rs 679.8, up 1.61% on the day as on 12:44 IST on the NSE. Bharat Forge Ltd is up 20% in last one year as compared to a 16.84% spurt in NIFTY and a 1.41% spurt in the Nifty Auto.

Bharat Forge Ltd gained for a fifth straight session today. The stock is quoting at Rs 679.8, up 1.61% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is down around 0.19% on the day, quoting at 11654.3. The Sensex is at 38600.85, down 0.23%. Bharat Forge Ltd has risen around 5.53% in last one month.

 

Meanwhile, Nifty Auto index of which Bharat Forge Ltd is a constituent, has risen around 0.79% in last one month and is currently quoting at 11007.6, down 0.29% on the day. The volume in the stock stood at 10.45 lakh shares today, compared to the daily average of 14.77 lakh shares in last one month.

The benchmark September futures contract for the stock is quoting at Rs 683.8, up 1.4% on the day. Bharat Forge Ltd is up 20% in last one year as compared to a 16.84% spurt in NIFTY and a 1.41% spurt in the Nifty Auto index.

The PE of the stock is 37.69 based on TTM earnings ending June 18.

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First Published: Aug 31 2018 | 1:00 PM IST

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