Business & Investment

Bharat Forge Shares: Bharat Forge Shares Rise As Nifty Rise

At 10:36 am (IST) on Friday, the limited liability company’s share price rose 1.27% to Rs 750.85. During the session, the highest was Rs 758.4 and the lowest was Rs 734.4.

Stock prices were high at Rs 846.6 and low at Rs 439.4 for 52 weeks. Return on equity of shares was -2.33%. So far, about 78,626 shares have been replaced at the counter.

The beta value of the stock, which measures its volatility in relation to the wider market, was 1.45.



Scrip has increased by 60.73% over the past year and is outperforming compared to an increase of 54.81%. Sensex..

technical

On the technical chart, the 200-day moving average (DMA) of the stock price on October 8 was 439.4 rupees, while the 50-DMA was 766.25 rupees. If the stock is trading well above 50-DMA and 200-DMA, it usually means that the immediate trend is on the rise. On the other hand, if the stock price is trading well below both 50-DMA and 200-DMA, it is considered a bearish trend, and if it is trading between these averages, the stock is in either direction. Suggests that you can also proceed.

Promoter / FII Holding

The promoter held a 44.76% stake in Bharat Forge Ltd. as of June 30, 2021. Investment trusts and foreign institutional investors held 10.92% and 25.3% stakes.

Bharat Forge Shares: Bharat Forge Shares Rise As Nifty Rise

https://economictimes.indiatimes.com/markets/stocks/stock-watch/shares-of-bharat-forge-rise-as-nifty-gains/articleshow/86859482.cms Bharat Forge Shares: Bharat Forge Shares Rise As Nifty Rise

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