Share price of Bharat Forge falls as Sensex drops 36.73 points

Share price of Bharat Forge Ltd. dropped 0.74 per cent to Rs 877.6 at 01:22PM (IST) in Tuesday's trade. The stock hit a high of Rs 888.65 and low of Rs 875.5 so far during the session. The stock had closed at Rs 884.15 in the previous session.

The counter had a total traded volume of 01:22PM shares so far with a turnover of Rs 1.58 crore on BSE. The stock traded at a price-to-earnings multiple of 42.25 and a price-to-book ratio of 4.97.

A higher P/E 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.

Promotor/FII Holding
Promoters held 45.25 per cent stake in the company as of 30-Sep-2022, while overseas investors and domestic institutional investors ownership stood at 18.82 per cent and 24.39 per cent, respectively.

Key Financials
The company reported consolidated sales of Rs 3122.27 crore for the quarter ended 30-Sep-2022, up 8.26 per cent from the previous quarter's Rs 2884.04 crore and up 28.81 per cent from the year-ago quarter's Rs 2423.9 crore.

Its profit for the latest quarter stood at Rs 145.92 crore, down 46.2 per cent from the same quarter a year ago.