Finace And Stock

Bharat Forge shares drop 1.72% as Sensex falls

Shares of Ltd. traded 1.72 per cent down at Rs 767.7 at 12:24PM (IST) on Tuesday, even as BSE benchmark Sensex dropped 663.18 points to 59414.7. The stock had closed at Rs 781.1 in the previous session.

The stock quoted a 52-week high and 52-week low of Rs 846.6 and Rs 439.4, respectively.

As per BSE data, total traded volume on the counter till 12:24PM (IST) stood at 12:24PM shares with turnover at Rs 10.86 crore.

At the current price, shares of the company trades at 296.22 times its trailing 12-month earnings per share of Rs 2.6 per share and 5.13 times its price-to-book value, the exchange data showed.

A higher P/E ratio shows investors are willing to pay a higher share price today because of growth expectations in the future. 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.

The Beta value of the stock, which measures its volatility in relation to the broader market, stood at 1.45.

Shareholding Details

Promoters held 44.76 per cent stake in the company as of 30-Jun-2021, while FIIs owned 25.3 per cent and DIIs 12.13 per cent.

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