Bharat Forge Share Price: Bharat Forge shares drop 1.02% as Sensex falls
On the technical charts, the RSI of the stock stood at 69.13.
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On the technical charts, the RSI of the stock stood at 69.13.
A total of 8,876 shares changed hands on the counter till 01:09PM (IST).
Bharat Forge said its board at its meeting held on Wednesday also approved conversion of existing inter corporate deposits given by it to Kalyani Powertrain Ltd (KPTL), a wholly-owned arm, along with interest amounting to Rs 111.3 crore into equity shares, to reduce the overall borrowings at KPTL.
On the technical charts, the 200-day moving average of the stock stood at Rs 832.79.
Promoters held 45.25 per cent stake in the company as of 30-Jun-2023, while FII and DII ownership stood at 15.79 per cent and 20.28 per cent, respectively.