with market valuation of 29,688 Crores, Bharat Forge Limited is a large-cap company dealing in Auto Accessories industry. The company is a market leader in the automotive industry, providing services to a range of industries including mining, oil and gas, railways, aerospace, marine, oil and gas, and construction. A $3 billion corporation with 10,000 employees worldwide that is a member of the Kalyani Group, Bharat Forge is one of the top forging firms in India. The firm currently has twelve production facilities located in India, Germany, Sweden, France and North America, enabling it to create a worldwide footprint. The largest automotive forging firm in India, Bharat Forge is the world’s top producer of chassis parts and also a leading exporter of automobile components.
With an objective of 275% dividend for the financial year 2021-22, the Company has informed BSE on 21st June, 2022 that “The Board of Directors of the Company in its meeting held on Monday, the 16th May, 2022, inter alia, final 5.50/- i.e. 275 per cent per equity share having a face value of Rs.2/- for every financial year ended 31st March, 2022, at the ensuing Annual General Meeting of the Company with the approval of shareholders. subjected to.”
“In accordance with Regulation 42 of the Securities and Exchange Board of India (Listing Obligation and Disclosure Requirements) Regulations, 2015, for the purpose of determining the eligibility of members for final dividend, the Company has fixed Friday, the 15th July, 2022 as the record date. The payment of dividend, if approved at the 61st Annual General Meeting of the Company to be held on Friday, the 12th August, 2022, shall be made on or after Friday, the 19th August, 2022,” the company said in a BSE filing. said in.
In today’s trading, the share of Bharat Forge reached the low level of Rs. 631.55, down -2.45 per cent, and closed at Rs. 635.00, down 1.83 per cent from its previous close of Rs. 646.8. The stock has fallen 13.11 percent in the past year, and so far in 2022, it’s fallen 10.68 percent on a year-to-date (YTD) basis. The stock has lost 8.94 per cent in the last six months and 8.05 per cent in the last month. The stock has fallen 2.52 per cent during the past week and 3.64 per cent in the last five trading days. Stock had 52-week high on NSE 847.95 on November 10, 2021, and its 52-week low of . was 595.00 on March 8, 2022, indicating that its current price 635, the stock is trading down 25.11 per cent from its 52-week high and 6.72 per cent above its 52-week low. Bharat Forge is trading below the 5 Day, 20 Day, 50 Day, 100 Day and 200 Day Moving Averages as against today’s closing price.