Bharat Forge Q2 FY17 Net Profit Falls 26%

Bharat Forge Ltd has announced the following Unaudited Standalone results for the quarter ended September 30, 2016:

The company has posted a net profit after tax of Rs 127 crore for the quarter ended September 30, 2016 as compared to Rs 172 crore for the quarter ended September 30, 2015.

Total income has decreased from Rs 1,199 crore for the quarter ended September 30, 2015 to Rs 966.8 crore for the quarter ended September 30, 2016.

Stock Commentary:

Bharat Forge Ltd is currently trading at Rs 854.9, down by Rs 3.35 or 0.39% from its previous closing of Rs 858.25 on the BSE.

The scrip opened at Rs 869.95 and has touched a high and low of Rs 869.95 and Rs 842.2 respectively. So far 1399395 (NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 19980.06 crore.

The BSE group ‘A’ stock of face value Rs 2 has touched a 52 week high of Rs 979.35 on 10-Oct-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 893 and Rs 820.1 respectively.

The promoters holding in the company stood at 46.74 % while Institutions and Non-Institutions held 33.61 % and 19.64 % respectively.

The stock is currently trading below its 50 DMA.

www.capitalheight.com/freetrial.php

Give Missed Call at +91 830-630-830-8

Results to watch out for! BHEL, Ashok Leyland, Bharat Forge, Indigo in focus

The results which are expected today are BHEL, Ashok Leyland, Bharat Forge, Indigo, Tata Communications, Insecticides (India), KEC International, MRPL,Mcleod Russel India,Bombay Dyeing, PTC India Financial Services, Repco Home Finance, Sml Isuzu,Wabco India, Nesco.

Themis Medicare, Jpt Securities,Thirani Projects, Kamanwala Housing Construction ,Transwarranty Finance, Kernex Microsystems (India), Ufo Moviez India,Khaitan Chemicals & Fertilizers ,Vandana Knitwear, Kiran Syntex , Vesuvius India, Kothari Petrochemicals, Vidli Restaurants, Kusam Electrical Industries, Vinyl Chemicals India, Ladderup Finance, Vishvaprabha Trading.

www.capitalheight.com/freetrial.php

Give Missed Call at +91 830-630-830-8