Bharat Forge Share Price: Bharat Forge share price up 0.56 per cent as Sensex rises

Actions of Bharat Forging Ltd. It rose 0.56 per cent to Rs 1,592.85 at 1:08 pm (IST) on Friday. Earlier in the day, the stock saw a gap-down start to the session.

According to the data available in BSEThe total amount traded on the counter stood at 5,307 shares with a turnover of Rs 0.85 crore till 13:08 hrs (IST). The stock was traded at a price-earnings (P/E) multiple of 79.74, while the price-to-book ratio stood at 7.33.

According to exchange data, the return on equity (ROE) stood at 13.28 percent. The stock hit an intraday high of Rs 1600.0 and a low of Rs 1573.3 during the session and traded at 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 relative to the broader market, stood at 1.45.

Technical indicators

On September 20, the stock’s daily moving average (DMA) stood at Rs 1,386.36, while the 50-day DMA stood at Rs 1,607.13. If a stock is trading above the 50-day DMA and the 200-day DMA, it usually means that the immediate trend is bullish. On the other hand, if the stock is trading below the 50-day DMA and the 200-day DMA, it is considered to be in a bearish trend. If it is trading between the 50-day DMA and the 200-day DMA, then it suggests that the stock can go in either direction. The stock’s relative strength index (RSI) stood at 50.15. The RSI ranges between zero and 100. Traditionally, a stock is considered overbought when the RSI value is above 70 and oversold when it is below 30. promoter who supports

As of June 30, 2024, promoters held 45.25 percent stake in the company, while IFIs held 17.04 percent and domestic institutional investors held 27.94 percent.

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