Signal price

Bharat Forge share price: Bharat Forge share price fell by 1.0%

Shares of Bharat Forge Ltd. traded up 1.0% to Rs 682.7 at around 1:39 p.m. (IST) on Wednesday. The stock had closed at Rs 689.6 in the previous session. The benchmark Sensex shares fell 206.19 points to 57783.11 around the same time.

The scrip has climbed 14.75% in the past year to date, while the 30-stock index has gained 17.68% over the same period.

The 52-week high stock price stood at Rs 848.0 and the 52-week low price at Rs 555.6.

Over-the-counter trading volume was 22,170 shares, while he quoted a price-to-earnings ratio of 30.15, an EPS value of 22.65 and a price-to-book value of 5.13. In the Nifty50 pack, 24 stocks were trading in the green, while 26 stocks were in the red.

Promoter/Fii Holding
Sponsors owned 44.76% of the company’s equity as of December 31, 2021, while foreign institutional investors and mutual fund ownership amounted to 23.36% and 14.32%, respectively.

Key financial data
For the quarter ended December 31, 2021, the company reported consolidated sales of Rs 2,428.64 crore, up 0.2% from Rs 2,423.9 crore in the previous quarter and up 37.9% from compared to Rs 1761.11 crore in the prior year quarter. The company reported a net profit of Rs 421.19 crore for the last quarter.

Technical indicators

The MACD signaled a bullish bias on the meter. The MACD is known to signal trend reversals in traded securities or indices. It is the difference between the 26-day and 12-day exponential moving averages. A nine-day exponential moving average, called the signal line, is drawn above the MACD to reflect “buy” or “sell” opportunities. When the MACD crosses below the signal line, it gives a bearish signal, indicating that the price of the security may see downward movement and vice versa.