Bharat Forge shares drop 1.34% as Sensex falls

Bharat Forge shares  drop  1.34% as Sensex  falls

Shares of Bharat Forge Ltd. traded 1.34 per cent down at Rs 766.15 at 02:10PM (IST) on Wednesday, even as BSE benchmark Sensex dropped 104.1 points to 59092.89. The scrip had closed at Rs 776.55 in the previous session.

The stock quoted a 52-week high and 52-week low of Rs 848.0 and Rs 595.85, respectively.

As per BSE data, total traded volume on the counter till 02:10PM (IST) stood at 02:10PM shares with turnover at Rs 2.59 crore.

At the current price, the stock trades at 32.55 times its trailing 12-month EPS of Rs 23.47 per share and 4.97 times its price-to-book value, BSE data showed.

A higher P/E ratio shows investors are willing to pay a higher share price today because of growth expectations in the future. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.

The Beta value of the stock, which measures its volatility in relation to the broader market, stood at 1.45.

Shareholding Details

Promoters held 45.25 per cent stake in the company as of 30-Jun-2022, while FIIs owned 18.82 per cent and DIIs 24.33 per cent.

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