Friday, 5 August 2016

Bharat Forge gains 5% post Q1 results

The company posted a net profit of Rs. 1220.60 million for the quarter ended June 30, 2016 as compared to Rs. 1959.70 million for the quarter ended June 30, 2015.

Bharat Forge

Bharat Forge gained 5.1% to Rs.760.5 on Friday. The company posted a net profit of Rs. 1220.60 million for the quarter ended June 30, 2016 as compared to Rs. 1959.70 million for the quarter ended June 30, 2015.

Total Income has decreased from Rs. 12159.70 million for the quarter ended June 30, 2015 to Rs. 9826.70 million for the quarter ended June 30, 2016.

The scrip opened at Rs. 724 and has touched a high and low of Rs. 773.2 and Rs. 719 respectively. So far 3241049(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 16843.08 crore.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1292.5 on 20-Aug-2015 and a 52 week low of Rs. 686.8 on 24-Jun-2016. Last one week high and low of the scrip stood at Rs. 771.3 and Rs. 716.7 respectively.

The promoters holding in the company stood at 46.74 % while Institutions and Non-Institutions held 33.02 % and 20.23 % respectively.

The stock is currently trading above its 200 DMA.

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