Bharat Forge Ltd is up for a third straight session in a row. The stock is quoting at Rs 508.95, up 4.35% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 1.41% on the day, quoting at 12195.4. The Sensex is at 41373.69, up 1.36%. Bharat Forge Ltd has added around 15.76% in last one month.
Meanwhile, Nifty Auto index of which Bharat Forge Ltd is a constituent, has added around 3.96% in last one month and is currently quoting at 7942.75, up 2.1% on the day. The volume in the stock stood at 20.56 lakh shares today, compared to the daily average of 14.77 lakh shares in last one month.
The benchmark January futures contract for the stock is quoting at Rs 510.05, up 4.37% on the day. Bharat Forge Ltd is up 5.51% in last one year as compared to a 12.69% gain in NIFTY and a 9.22% gain in the Nifty Auto index.
The PE of the stock is 22.1 based on TTM earnings ending September 19.
