Share price of Bharat Forge rises as Nifty strengthens

Shares of Bharat Forge Ltd. gained 0.87 per cent to Rs 669.5 in Thursday’s trade as of 12:13PM (IST).

The stock hit a high price of Rs 669.7 and low of Rs 655.2 during the session.

The return on equity (ROE) for the stock stood at 16.46 per cent. Traded volume on the counter stood at 12:13PM shares and turnover at Rs 4.28 crore around that time.

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

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

Promotor/FII Holding

Promoters held 45.25 per cent stake in the company as of 31-Mar-2022, while overseas investors held 19.8 per cent and domestic institutional investors had 23.54 per cent.

Key Financials

The company reported consolidated sales of Rs 3656.05 crore for the quarter ended 31-Mar-2022, up 50.54 per cent from previous quarter’s Rs 2428.64 crore and up 71.23 per cent from the year-ago quarter’s Rs 2135.23 crore.

Net profit after tax for the latest quarter stood at Rs 235.72 crore, up 13.0 per cent from the same quarter a year ago.

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