Bharat Forge announced that payment of dividend, if approved at the 57th Annual General Meeting of the Company to be held on 09 August 2018 will be made on or before 14 August 2018.

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Bharat Forge announced that the 57th Annual General Meeting (AGM) of the company will be held on 9 August 2018.

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Net profit of Bharat Forge declined 51.65% to Rs 100.33 crore in the quarter ended March 2018 as against Rs 207.50 crore during the previous quarter ended March 2017. Sales rose 30.29% to Rs 1466.61 crore in the quarter ended March 2018 as against Rs 1125.66 crore during the previous quarter ended March 2017.

For the full year,net profit rose 20.89% to Rs 707.30 crore in the year ended March 2018 as against Rs 585.07 crore during the previous year ended March 2017. Sales rose 37.55% to Rs 5315.97 crore in the year ended March 2018 as against Rs 3864.67 crore during the previous year ended March 2017.

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Bharat Forge Ltd gained for a fifth straight session today. The stock is quoting at Rs 780.35, up 0.73% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.05% on the day, quoting at 10744.4. The Sensex is at 35233.52, up 0.21%. Bharat Forge Ltd has gained around 8.76% in last one month.

Meanwhile, Nifty Auto index of which Bharat Forge Ltd is a constituent, has gained around 4.6% in last one month and is currently quoting at 11625.75, up 0.35% on the day. The volume in the stock stood at 2.47 lakh shares today, compared to the daily average of 10.26 lakh shares in last one month.

The benchmark May futures contract for the stock is quoting at Rs 783.1, up 0.71% on the day. Bharat Forge Ltd is up 35.49% in last one year as compared to a 15.38% jump in NIFTY and a 13.57% jump in the Nifty Auto index.

The PE of the stock is 45.72 based on TTM earnings ending December 17.

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