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    Share price of Bharat Forge as Sensex gains 58.82 points

    Synopsis

    A total of 7,287 shares changed hands on the counter till 11:31AM (IST)

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    Agarwal said the global economy is showing clear signs of recovery. The second wave of Covid-19 is ebbing in India with total active cases at less than 20 per cent of May highs.
    Share price of Bharat Forge Ltd. 0.4 per cent to Rs 1317.50 at 11:31AM (IST) in Thursday's trade. The counter hit a high of Rs 1331.50 and low of Rs 1313.05 so far during the session. The stock had closed at Rs 1322.90 in the previous session.

    The counter had a total traded volume of 11:31AM shares so far with a turnover of Rs 0.97 crore on BSE. The stock traded at a price-to-earnings multiple of 66.51 and a price-to-book ratio of 7.33.

    A higher price-to-earnings ratio shows investors are willing to pay a higher price for per rupee earnings given by the stock because of better future growth expectations.

    The price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.

    Bharat Forge Ltd. belongs to the Auto Ancl - Others industry.
    Growfast

      Promotor/FII Holding
      Promoters held 45.25 per cent stake in the company as of 30-Sep-2024, while foreign investors and domestic institutional investors ownership stood at 18.72 per cent and 26.28 per cent, respectively.

      Key Financials
      The firm reported consolidated sales of Rs 3750.1560 crore for the quarter ended 30-Sep-2024, 9.8 per cent from the previous quarter's Rs 4157.7920 crore and 2.0 per cent from the year-ago quarter's Rs 3826.6720 crore.

      Its for the latest quarter stood at Rs 243.59 crore, 7.2 per cent from the same quarter a year ago.


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      (You can now subscribe to our ETMarkets WhatsApp channel)

      (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2024 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

      Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

      Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

      ...more
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