Bharat Forge sees brisk selling post Q4 results; ends nearly 4% lower

Shares of Bharat Forge took a sudden plunge into the red after the company announced its Q4 results on Wednesday. Shares of the company fell as much as 4.62 per cent in just minutes after the results were announced.

The stock ended the day in red, down 3.94 per cent or Rs 50.75 at Rs 1,237.9.

The stock was trading higher ahead of the results, having gained as much as 3.36 per cent.

The company reported the Q4 PAT at Rs 203 crore and sales at Rs 1,200 crore. It will pay a final dividend of Rs 4.5/share.

Traders had said that the results would beat estimates due to positive surprise on margins. StarMine expected earnings at Rs 2.13 bn with operating margin at 29.3 per cent.