Bharat Forge Share Price Today on 26-11-2024: At 26 Nov 11:29 today, Bharat Forge shares are trading at price ₹1329.3, 0.77% up from the previous closing price. Sensex is trading at ₹80017.76, down by -0.11%. The stock has hit a high of ₹1332.95 and a low of ₹1310.2 during the day.
On the technical front, the stock is trading above the 5 days SMA & lower than the 10,20,50,100,300 day SMA. The stock will have support at 5 days SMA & face resistance at 10,20,50,100,300 days SMA
The SMA values for the stock are given below :
| Days | Simple Moving Average |
|---|---|
| 5 | 1313.43 |
| 10 | 1351.30 |
| 20 | 1384.73 |
| 50 | 1464.69 |
| 100 | 1543.83 |
| 300 | 1427.41 |
The classic pivot level analysis shows that on a daily time frame, the stock has key resistances at ₹1340.28, ₹1362.87, & ₹1375.73, whereas it has key support levels at ₹1304.83, ₹1291.97, & ₹1269.38.
Till 11 AM today, the volume traded on NSE & BSE for Bharat Forge was -21.68% lower than the previous trading session. Volume traded is an important indicator along with price to study trends. Positive price movement with higher volume suggests a sustainable upmove, and negative price movement with higher volume might be an indication of further decline in prices.
Overall, as per Mint technical analysis, The stock is currently experiencing a strong downtrend.
From a fundamental analysis perspective, the company has a ROE of 13.71% & ROA of 4.80% respectively.The current P/E of the stock is at 64.88 & P/B is at 8.44.
The median 1-year forecasted upside in this share is at 9.38% with a target price of ₹1454.00.
The company has a 0.00% promoter holding, 16.46% MF holding, & 18.72% FII holding as per filings in the september quarter.
The MF holding has decreased from 19.35% in june to 16.46% in the september quarter.
The FII holding has increased from 17.04% in june to 18.72% in the september quarter.
Bharat Forge share price has gained 0.77% today to trade at ₹1329.3 in resonance with its peers. Its peers such as
