Bharat Forge surges on reporting 3-fold jump in Q4 net profit

20 May 2019

Bharat Forge is currently trading at Rs. 474.00, up by 19.20 points or 4.22% from its previous closing of Rs. 454.80 on the BSE.

The scrip opened at Rs. 466.00 and has touched a high and low of Rs. 492.75 and Rs. 461.20 respectively. So far 270510 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 732.55 on 18-May-2018 and a 52 week low of Rs. 445.10 on 16-May-2019.

Last one week high and low of the scrip stood at Rs. 492.75 and Rs. 445.10 respectively. The current market cap of the company is Rs. 22045.62 crore.

The promoters holding in the company stood at 45.76%, while Institutions and Non-Institutions held 32.34% and 21.90% respectively.

Bharat Forge has reported around 3-fold jump in its net profit at Rs 299.50 crore for the quarter ended March 31, 2019 as compared to Rs 100.33 crore for the same quarter in the previous year. Total income of the company increased by 14.52% at Rs 1,718.72 crore for quarter under review as compared to Rs 1,500.83 crore for the quarter ended March 31, 2018.

For the year ended March 31, 2019, the company has posted a rise of 51.46% in its net profit at Rs 1,071.28 crore as compared to Rs 707.30 crore for the previous year. Total income of company increased 21.75% at Rs 6,686.01 crore for year under review as compared to Rs 5,491.64 crore for year ended March 31, 2018.

For the year ended March 31, 2019, on the consolidated basis, the company has posted rise of 36.96% in its net profit at Rs 1,032.60 crore as compared to Rs 753.97 crore for the previous year. Total income of company increased by 20.94% at Rs 10,348.53 crore for year under review as compared to Rs 8,556.68 crore for year ended March 31, 2018.

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Bharat Forge Share Price

442.30 2.95 (0.67%) Dec 12, 11:29
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Company Name CMP
Bharat Forge 442.30
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MM Forgings 323.40
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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
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