Bharat Forge Ltd fell for a fifth straight session today. The stock is quoting at Rs 465, down 1.31% on the day as on 13:29 IST on the NSE. The benchmark NIFTY is down around 0.76% on the day, quoting at 11231.25. The Sensex is at 38089.93, down 0.72%.Bharat Forge Ltd has gained around 9.98% in last one month.Meanwhile, Nifty Auto index of which Bharat Forge Ltd is a constituent, has increased around 3.01% in last one month and is currently quoting at 7888, down 0.47% on the day. The volume in the stock stood at 21.57 lakh shares today, compared to the daily average of 49.76 lakh shares in last one month.

The benchmark September futures contract for the stock is quoting at Rs 468.9, down 0.8% on the day. Bharat Forge Ltd jumped 13.01% in last one year as compared to a 1.77% rally in NIFTY and a 5.75% spurt in the Nifty Auto index.

The PE of the stock is 65.99 based on TTM earnings ending June 20.

Powered by Capital Market - Live News

Bharat Forge has subscribed for Tranche III of 19,500 equity shares of Rs. 10/- each at a premium of Rs. 1,015.64 per equity share of Aeron Systems. Subsequent to this subscription, the Company currentlyholds 26% stake in Aeron on fully diluted basis.

Powered by Capital Market - Live News

Net loss of Bharat Forge reported to Rs 56.31 crore in the quarter ended June 2020 as against net profit of Rs 174.13 crore during the previous quarter ended June 2019. Sales declined 68.29% to Rs 426.97 crore in the quarter ended June 2020 as against Rs 1346.57 crore during the previous quarter ended June 2019.

Powered by Capital Market - Live News

Net loss of Bharat Forge reported to Rs 125.81 crore in the quarter ended June 2020 as against net profit of Rs 173.06 crore during the previous quarter ended June 2019. Sales declined 50.42% to Rs 1154.21 crore in the quarter ended June 2020 as against Rs 2327.86 crore during the previous quarter ended June 2019.

Powered by Capital Market - Live News