Bharat Forge Ltd stays slippery

21 Jan 2022 , 01:35 PM

Bharat Forge Ltd dropped for a fifth straight session today. The stock is quoting at Rs 745.65, down 0.61% on the day as on 13:24 IST on the NSE. The benchmark NIFTY is down around 0.61% on the day, quoting at 17648.05. The Sensex is at 59124.85, down 0.57%.Bharat Forge Ltd has gained around 8.96% in last one month.Meanwhile, Nifty Auto index of which Bharat Forge Ltd is a constituent, has increased around 9.38% in last one month and is currently quoting at 11583.2, up 0.59% on the day. The volume in the stock stood at 7.53 lakh shares today, compared to the daily average of 11.72 lakh shares in last one month.

The benchmark January futures contract for the stock is quoting at Rs 747.5, down 0.79% on the day. Bharat Forge Ltd jumped 18.47% in last one year as compared to a 22.8% rally in NIFTY and a 10.8% spurt in the Nifty Auto index.

The PE of the stock is 42.28 based on TTM earnings ending September 21.

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