Share price of Bharat Forge: As Nifty rises, share price of Bharat Forge falls.
The stock has hit a 52-week high of Rs 1330.0 and a 52-week low of Rs 744.0. The stock’s return on equity was 7.87%. Approximately 6,250 shares have been traded to date.
The stock’s beta, which measures volatility relative to the broader market, hit 1.45.
The scrip has performed exceptionally well, rising 41.07 per cent in the past one year as compared to Sensex’s rise of 19.81 per cent.
technology
On the technical charts, the stock’s 200-day moving average (DMA) was Rs 744.0 on February 29, while its 50-DMA was Rs 1210.39. If a stock is trading well above the 50-DMA and 200-DMA, this usually means the immediate trend is up. On the other hand, if a stock is trading well below both the 50-DMA and 200-DMA, it is considered a bearish trend, while if it is trading between these averages, it means the stock could go in either direction.
Promoter/FII holdings
The promoters hold 45.25% stake in Bharat Forge Ltd. as on December 31, 2023. Mutual funds and foreign institutional investors held 19.84% and 16.6% of the shares, respectively.
