Bharat Forge Ltd gains for third straight session

Bharat Forge Ltd gained for a third straight session today. The stock is quoting at Rs 630, up 2.73% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 1.87% on the day, quoting at 14547.6. The Sensex is at 49555.64, up 1.97%. Bharat Forge Ltd has gained around 14.01% in last one month.

Meanwhile, Nifty Auto index of which Bharat Forge Ltd is a constituent, has gained around 11.76% in last one month and is currently quoting at 10227.95, up 2.91% on the day. The volume in the stock stood at 20.04 lakh shares today, compared to the daily average of 39.47 lakh shares in last one month.

The benchmark February futures contract for the stock is quoting at Rs 637.45, up 3.32% on the day. Bharat Forge Ltd is up 28.98% in last one year as compared to a 24.25% jump in NIFTY and a 31.77% jump in the Nifty Auto index.

The PE of the stock is 178.1 based on TTM earnings ending September 20.

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