Bharat Forge Ltd slips for fifth straight session

Bharat Forge Ltd dropped for a fifth straight session today. The stock is quoting at Rs 1831.3, down 2.33% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is up around 0.25% on the day, quoting at 22478.35. The Sensex is at 72073.15, up 0.23%.Bharat Forge Ltd has lost around 6.33% in last one month.Meanwhile, Nifty Auto index of which Bharat Forge Ltd is a constituent, has eased around 8.43% in last one month and is currently quoting at 25384.95, down 0.09% on the day. The volume in the stock stood at 4.41 lakh shares today, compared to the daily average of 8.75 lakh shares in last one month.

The benchmark October futures contract for the stock is quoting at Rs 1837.4, down 1.86% on the day. Bharat Forge Ltd jumped 48.33% in last one year as compared to a 10.37% slide in NIFTY and a 5.56% fall in the Nifty Auto index.

The PE of the stock is 73.88 based on TTM earnings ending June 26.

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