Share price of Bharat Forge rises as Nifty weakens

Shares of Bharat Forge Ltd. gained 0.52 per cent to Rs 1245.3 in Monday's trade as of 10:35AM (IST).

The stock hit a high price of Rs 1258.25 and low of Rs 1234.4 during the session.

The return on equity (ROE) for the stock stood at 7.87 per cent. Traded volume on the counter stood at 10:35AM shares and turnover at Rs 1.59 crore around that time.


The stock of Bharat Forge Ltd. quoted a 52-week high and 52-week low prices of Rs 1258.25 and Rs 744.0, 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 30-Sep-2023, while overseas investors held 16.28 per cent and domestic institutional investors had 27.94 per cent.

Key Financials
The company reported consolidated sales of Rs 3826.67 crore for the quarter ended 30-Sep-2023, down 2.91 per cent from previous quarter's Rs 3941.42 crore and down 22.56 per cent from the year-ago quarter's Rs 3122.27 crore.

Net profit after tax for the latest quarter stood at Rs 227.22 crore, up 55.72 per cent from the same quarter a year ago.