/ BSE Auto Gains Bharat Forge Up By 4.89% ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Wednesday, 1 February 2017

Markets were in a wait and watch mode in the morning on the budget day. Nifty and Sensex were in red zone in the morning hours but surged after the budget presentation concluded. Volatility in the market declined. India VIX is trading at 13.92 levels, down by 17.22%.

BSE Auto index is trading at 22581.40 levels, up by 772.16 points or 3.54%. The index surged after budget presentation. All the stocks from the index are trading in positive territory.

Tata Motors is contributing most to the index gains. Bharat Forge is the top gainer in the index, trading at Rs 974 per share, up by 4.89%. Mahindra and Mahindra is the second top gainer in the index, trading at Rs 1298.10 per share or 4.74%.

Bharat Forge Ltd is currently trading at Rs 969.05, up by Rs 39.75 or 4.28% from its previous closing of Rs 929.3 on the BSE.

The scrip opened at Rs 949 and has touched a high and low of Rs 974 and Rs 930 respectively. So far 1093545(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 21634.1 crore.

The BSE group 'A' stock of face value Rs 2 has touched a 52 week high of Rs 1008.5 on 14-Dec-2016 and a 52 week low of Rs 686.8 on 24-Jun-2016. Last one week high and low of the scrip stood at Rs 963.95 and Rs 926.7 respectively.

The promoters holding in the company stood at 45.74 % while Institutions and Non-Institutions held 34.98 % and 19.27 % respectively. The stock is currently trading above its 50 DMA.

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