Abhishek Karande of SBICapital Securities told CNBC-TV18, "Bharat Forge is a clear winner in 2013 and now it is again headed for higher levels. Even though in this market it is trading sideways, one should accumulate this and then one can see prices going back higher by 5-6 percent."
At 14:29 hrs Bharat Forge was quoting at Rs 339, up Rs 7.65, or 2.31 percent. It has touched an intraday high of Rs 342.50 and an intraday low of Rs 335.
The share touched its 52-week high Rs 345.35 and 52-week low Rs 185.55 on 26 December, 2013 and 06 August, 2013, respectively. Currently, it is trading 1.84 percent below its 52-week high and 82.7 percent above its 52-week low. Market capitalisation stands at Rs 7,893.62 crore.
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