Bharat Forge Ltd fell for a fifth straight session today. The stock is quoting at Rs 429.25, down 2.72% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 0.49% on the day, quoting at 11258.9. The Sensex is at 38013.29, down 0.25%.Bharat Forge Ltd has gained around 8.89% in last one month.Meanwhile, Nifty Auto index of which Bharat Forge Ltd is a constituent, has increased around 8.62% in last one month and is currently quoting at 7493.75, up 0.33% on the day. The volume in the stock stood at 11.94 lakh shares today, compared to the daily average of 15.75 lakh shares in last one month.

The benchmark October futures contract for the stock is quoting at Rs 431, down 2.17% on the day. Bharat Forge Ltd tumbled 25.6% in last one year as compared to a 9.14% rally in NIFTY and a 15.67% fall in the Nifty Auto index.

The PE of the stock is 20.35 based on TTM earnings ending June 19.

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Bharat Forge announced that its subsidiary, Bharat Forge America Inc. has incorporated two separate wholly owned subsidiaries - Bharat Forge Aluminum USA, Inc. and Kalyani Precision Machining Inc. under the Statutes of North Carolina. Consequently, both these companies have become step down subsidiaries of Bharat Forge.

Bharat Forge America Inc. is setting up a green-field forging and machining facility in North Carolina.

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Bharat Forge Ltd is up for a third straight session in a row. The stock is quoting at Rs 458.75, up 1.41% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is down around 0.26% on the day, quoting at 11569.85. The Sensex is at 39016.47, down 0.19%. Bharat Forge Ltd has risen around 17.4% in last one month.

Meanwhile, Nifty Auto index of which Bharat Forge Ltd is a constituent, has risen around 10.76% in last one month and is currently quoting at 7802.65, down 0.31% on the day. The volume in the stock stood at 9.79 lakh shares today, compared to the daily average of 14.51 lakh shares in last one month.

The benchmark September futures contract for the stock is quoting at Rs 456.9, up 0.69% on the day. Bharat Forge Ltd is down 25.6% in last one year as compared to a 4.54% spurt in NIFTY and a 22.99% spurt in the Nifty Auto index.

The PE of the stock is 20.85 based on TTM earnings ending June 19.

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Bharat Forge has invested EUR 11.35 million and acquired 50% stake in Refu Drive GmbH in terms of joint venture agreement entered into by Bharat Forge and Refu Electronik GmbH, Germany.

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