Bharat Forge share price at 52-week high after a profitable March quarter

Stocks

The board has recommended a final dividend of Rs 2 per equity share of the face value of Rs 2 each for the financial year ended March 31, 2021.

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var titStr=”;var editw=”; var typevar=”; var pparr= new Array(‘Monitoring your investments regularly is important.’,’Add your transaction details to monitor your stock`s performance.’,’You can also track your Transaction History and Capital Gains.’); var phead =’Why add to Portfolio?’; if(secglbVar ==1) { var stkdtxt=’this stock’; var fltxt=’ it ‘; typevar =’Stock ‘; if(lastRsrs.length>1){ stkdtxt=’these stocks’; typevar =’Stocks ‘;fltxt=’ them ‘; } } //var popretStr =lvPOPRHS(phead,pparr); //$ (‘#poprhsAdd’).html(popretStr); //$ (‘.btmbgnwr’).show(); var tickTxt =’‘; if(typparam1==1) { var modalContent = ‘Watchlist has been updated successfully.’; var modalStatus = ‘success’; //if error, use ‘error’ $ (‘.mc-modal-content’).text(modalContent); $ (‘.mc-modal-wrap’).css(‘display’,’flex’); $ (‘.mc-modal’).addClass(modalStatus); //var existsFlag=$ .inArray(‘added’,newappndStr[1]); //$ (‘#toptitleTXT’).html(tickTxt+typevar+’ to your watchlist’); //if(existsFlag == -1) //{ // if(lastRsrs.length > 1) // $ (‘#toptitleTXT’).html(tickTxt+typevar+’already exist in your watchlist’); 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Bharat Forge share price touched a 52-week high of Rs 749 and gained more than 7 percent intraday on June 4 after the company reported a net profit of Rs 205.4 crore against a loss of Rs 73.3 crore in a year-ago period.

The company’s revenue was up 48.4 percent at Rs 1,307 crore versus Rs 881.2 crore (YoY), CNBC-TV18 reported on June 4.

Earnings before interest, tax, depreciation and amortization (EBITDA) were up at Rs 359 crore versus Rs 110.3 crore and the margin was at 27.5 percent against 12.5 percent in the year-ago quarter.

The company board at its meeting recommended a final dividend of Rs 2 per equity share of the face value of Rs 2 each (100 percent) for the financial year ended March 31, 2021.

At 1220 hours, Bharat Forge was quoting at Rs 736.30, up Rs 40.45, or 5.81 percent, on the BSE.