Bharat Forge Ltd soars 1.05%, up for third straight session

Bharat Forge Ltd rose for a third straight session today. The stock is quoting at Rs 1796, up 1.05% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.02% on the day, quoting at 23816.5. The Sensex is at 76935.59, up 0.02%. Bharat Forge Ltd has dropped around 2.02% in last one month.

Meanwhile, Nifty Auto index of which Bharat Forge Ltd is a constituent, has dropped around 3.55% in last one month and is currently quoting at 26201.95, up 0.47% on the day. The volume in the stock stood at 9.16 lakh shares today, compared to the daily average of 9.11 lakh shares in last one month.

The benchmark November futures contract for the stock is quoting at Rs 1809.4, up 1.6% on the day. Bharat Forge Ltd is up 36.09% in last one year as compared to a 6.64% fall in NIFTY and a 1.13% fall in the Nifty Auto index.

The PE of the stock is 70.08 based on TTM earnings ending June 26.

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