Bharat Forge Ltd Share Price – NSE  /  BSE

Castings, Forgings & Fastners, Mid Cap

22 May 2024 | 03:59 PM

1,476.60
-25.90 (-1.72%)

Independent Research

Reuters

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Performance parameters

  • Earnings Revision Trend

    Analysts negative since 14-Feb-2020

    Compared to seven weeks ago, the analysts have lowered their earnings per share estimates. This negative trend began 14-Feb-2020 at a price of 485.45.

  • Valuation Rating

    Moderately undervalued

    Based on its growth potential and our own criteria, at its current price the stock is moderately undervalued.

  • MT Tech Trend

    Trend neutral but previously negative (since 14-Feb-2020)

    The stock is currently trading close to its forty day moving average (changes between +1.75% and -1.75% are considered neutral). Prior to this (since 14-Feb-2020), the stock traded below its moving average. The confirmed Technical Reverse (Tech Reverse + 1.75%) point is 311.482.

  • 4W REL Performance

    vs. SENSEX30

    The four week relative overperformance versus SENSEX30 is 15.120.

Risk parameters

  • Risk Zone

    High

    The stock has been on the high-sensitivity level since 28-Jan-2020.

  • Bear Market

    Above average sensitivity to market corrections

    On average, the stock has a tendency to amplify the drops in the index by 134%.

  • Bad News

    Slight market sanction in case of specific pressure

    When the stock's pressure is specific, the market sanction on average is 337%.

  • Beta

    127 High sensitivity to SENSEX30

    For 1% of index variation, the stock varies on average by 127%.

  • Correlation

    0.69 Strong correlation to SENSEX30

    0.6914% of stock movements are explained by index variations.

  • Value at Risk

    Rs.133.27 The medium term value at risk is estimated at 133.27 or 0.43102%

    The value at risk is estimated at 133.27. The risk is therefore 0.43102%. This value is based on the historical volatility for a medium time period (1 month) with a confidence of 95%.

Other parameters

  • LT Growth

    25 Current year to 2022 annualized estimate

    The annualized growth estimate is for the current year to 2022.

  • P/E Ratio

    15.63 Estimated PE for 2022

    The estimated PE is for the year 2022.

  • G/PE Ratio

    1.7 High discount to expected growth due to base effect

    A ratio (Forecasted Growth + Estimated Dividend Yield/ Estimated Price Earnings) higher than 1.6 often suggests the projected growth is a result of a base effect, meaning the company can often be in a turn around situation. In this case, the estimated PE is a better indicator of a stock's expected growth than the Long Term Growth (LT Growth).

  • Dividend Yield

    1.6% Dividend is largely covered by profits

    The twelve month estimated dividend yield represents 24.957% of earnings forecasts.

  • Global Evaluation

    Slightly negative

    The stock is classified in the slightly negative zone since 11-Feb-2020.