Bharat Forge Share Price: Bharat Forge stock price down 0.73 per cent as Sensex slides

Shares of Bharat Forge Ltd. fell 0.73 per cent to Rs 1561.5 at 12:42PM hours (IST) on Wednesday. Earlier in the day, the stock saw a gap up start to the session.

As per data available on BSE, total traded quantity on the counter stood at 9,889 shares with a turnover of Rs 1.54 crore till 12:42PM (IST). The stock traded at a price-to-earnings (P/E) multiple of 78.29, while the price-to-book value ratio stood at 7.33.

Return on equity (ROE) was at 13.28 per cent, according to exchange data. The stock hit an intraday high of Rs 1587.7 and a low of Rs 1554.0 during the session and quoted a 52-week high price of Rs 1826.2 and a 52-week low of Rs 1002.7.

The stock’s beta value, which measures its volatility in relation to the broader market, stood at 1.45.

Technical Indicators

The 200-DMA (day moving average) of the stock stood at Rs 1392.46 on September 25, while the 50-DMA was at Rs 1603.59. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades below 50-DMA and 200-DMA, it is considered a bearish trend. If it trades between 50-DMA and 200-DMA, then it suggests the stock can go either way. The Relative Strength Index (RSI) of the stood at 43.95. The RSI oscillates between zero and 100. Traditionally, a stock is considered overbought when the RSI value stands above 70 and oversold when it is below 30. Promoter holding

As of 30-Jun-2024, promoters held 45.25 per cent stake in the company, while FIIs held 17.04 per cent and domestic institutional investors had 27.94 per cent.