Bharat Forge Ltd soars 2.77%

Bharat Forge Ltd is up for a third straight session in a row. The stock is quoting at Rs 1794.3, up 2.77% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.87% on the day, quoting at 23785.75. The Sensex is at 76784.54, up 0.94%. Bharat Forge Ltd has risen around 2.05% in last one month.

Meanwhile, Nifty Auto index of which Bharat Forge Ltd is a constituent, has risen around 7.76% in last one month and is currently quoting at 25117.1, up 1.86% on the day. The volume in the stock stood at 12.8 lakh shares today, compared to the daily average of 15.75 lakh shares in last one month.

The benchmark March futures contract for the stock is quoting at Rs 1789.3, up 2.49% on the day. Bharat Forge Ltd is up 57.95% in last one year as compared to a 3.83% spurt in NIFTY and a 20% spurt in the Nifty Auto index.

The PE of the stock is 62.42 based on TTM earnings ending December 25.

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