Bharat Forge stock price went up today, 08 May 2024, by 6.18 %. The stock closed at 1240.2 per share. The stock is currently trading at 1316.8 per share. Investors should monitor Bharat Forge stock price closely in the coming days and weeks to see how it reacts to the news.
Bharat Forge Share Price Today: On the last day of trading, Bharat Forge opened at ₹1242 and closed at ₹1240.2. The stock reached a high of ₹1356.15 and a low of ₹1209. The market capitalization stood at ₹61314.82 crore. The 52-week high for the stock is ₹1330 and the 52-week low is ₹753.1. The BSE volume for the day was 154515 shares traded.
Bharat Forge share price update: Volume traded till 2 PM is 1131.32% higher than yesterday
The volume of Bharat Forge traded by 2 PM is significantly higher today, at 1131.32% above yesterday’s volume. The price of the stock is currently trading at ₹1358, reflecting a 9.5% increase. Volume traded is a crucial factor in analyzing market trends, alongside price movements. A positive price trend accompanied by high volume indicates a sustainable upward movement, while a negative price trend with high volume could signal a potential further decline in prices.
Bharat Forge share price NSE Live: Hourly Price Movement Update
The stock price has been moving between 1381.17 and 1248.22 levels in the last hour. Traders may want to consider rangebound trading strategies by purchasing near hourly support at 1248.22 and selling near hourly resistance at 1381.17.
The hourly support and resistance levels to watch out for in the next hour are mentioned below.
| Resistance Levels | Price | Support Levels | Price |
|---|---|---|---|
| Resistance 1 | 1364.57 | Support 1 | 1306.72 |
| Resistance 2 | 1388.13 | Support 2 | 1272.43 |
| Resistance 3 | 1422.42 | Support 3 | 1248.87 |
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Bharat Forge share price live: Consensus analyst’s rating is Hold
The analyst recommendation trend is shown below with the current rating as Hold.
- The median price target is ₹1180.0, 12.15% lower than the current market price.
- The lowest target price among analyst estimates is ₹800.0
- The highest target price among analyst estimates is ₹1346.0
| Ratings | Current | 1 Week Ago | 1 Month Ago | 3 Months Ago |
| Strong Buy | 5 | 5 | 4 | 5 |
| Buy | 10 | 10 | 10 | 8 |
| Hold | 2 | 2 | 2 | 4 |
| Sell | 3 | 3 | 4 | 3 |
| Strong Sell | 4 | 4 | 4 | 4 |
Bharat Forge share price Live: Bharat Forge closed at ₹1240.2 on the last trading day & the technical trend suggests Bullish term outlook
The stock traded in the range of ₹1356.15 & ₹1209 yesterday to end at ₹1240.2. The stock is currently experiencing a strong bullish trend
