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Bharat Forge gains on reporting 35% rise in Q1 net profit

04 Aug 2015 Evaluate

Bharat Forge is currently trading at Rs. 1166.00, up by 2.35 points or 0.20% from its previous closing of Rs. 1163.65 on the BSE.

The scrip opened at Rs. 1184.00 and has touched a high and low of Rs. 1193.95 and Rs. 1160.00 respectively. So far 59212 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1362.90 on 06-Apr-2015 and a 52 week low of Rs. 713.30 on 13-Oct-2014.

Last one week high and low of the scrip stood at Rs. 1199.00 and Rs. 1085.00 respectively. The current market cap of the company is Rs. 27438.30 crore.

The promoters holding in the company stood at 46.74% while Institutions and Non-Institutions held 32.04% and 21.21% respectively.

Bharat Forge has reported 34.73% rise in its net profit at Rs 195.32 crore for the quarter ended June 30, 2015 as compared to Rs 144.97 crore for the same quarter in the previous year. The company’s total income has increased by 14.36% to Rs 1157.70 crore for the quarter under review from Rs 1012.32 crore for the corresponding quarter of the previous year.

Bharat Forge is engaged in manufacturing of close die and open die forging, crankshafts, front axle beams, steering knuckle, connecting rods, rocker arm and many more components.

Peers
Company Name CMP
Bharat Forge 1902.80
Ramkrishna Forgings 691.70
MM Forgings 613.50
Happy Forgings 2106.00
Balu Forge Inds. 506.60
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