Bharat Forge Ltd rises for third consecutive session

Bharat Forge Ltd gained for a third straight session today. The stock is quoting at Rs 1983, up 3.35% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.24% on the day, quoting at 23325.6. The Sensex is at 74505.4, up 0.26%. Bharat Forge Ltd has slipped around 4.16% in last one month.

Meanwhile, Nifty Auto index of which Bharat Forge Ltd is a constituent, has slipped around 6.79% in last one month and is currently quoting at 27159.15, up 0.17% on the day. The volume in the stock stood at 7.66 lakh shares today, compared to the daily average of 9.03 lakh shares in last one month.

The benchmark September futures contract for the stock is quoting at Rs 1989.4, up 3.62% on the day. Bharat Forge Ltd is up 55.81% in last one year as compared to a 7.9% drop in NIFTY and a 0.06% drop in the Nifty Auto index.

The PE of the stock is 74.35 based on TTM earnings ending June 26.