Bharat Forge Ltd drops for fifth straight session

Bharat Forge Ltd fell for a fifth straight session today. The stock is quoting at Rs 1217.3, down 1.42% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 0.77% on the day, quoting at 25159.1. The Sensex is at 82509.41, down 0.82%.Bharat Forge Ltd has eased around 6.72% in last one month.Meanwhile, Nifty Auto index of which Bharat Forge Ltd is a constituent, has increased around 0.67% in last one month and is currently quoting at 23916.85, down 1.45% on the day. The volume in the stock stood at 6.06 lakh shares today, compared to the daily average of 11.02 lakh shares in last one month.

The benchmark July futures contract for the stock is quoting at Rs 1221.1, down 1.28% on the day. Bharat Forge Ltd tumbled 24.81% in last one year as compared to a 2.68% rally in NIFTY and a 6.27% fall in the Nifty Auto index.

The PE of the stock is 41.19 based on TTM earnings ending March 25.

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