Shares of Bharat Forge Ltd. recorded a decline of 2.62% in Monday’s trading session, with the stock reaching a high of Rs 1316.8 and a low of Rs 1273.75. Technical analysis reveals that the 200-Day Moving Average (DMA) of the stock stands at Rs 1108.12, while the 50-DMA is at Rs 1160.66. The stock’s position above or below these averages can indicate the direction of the trend. Additionally, the momentum indicator Moving Average Convergence Divergence (MACD) suggests a bullish bias, while the Relative Strength Index (RSI) stands at 66.88. The stock’s Return on Equity (RoE) and Return on Capital Employed (RoCE) were observed at 7.87% and 6.34% respectively, reflecting the company’s profitability and capital efficiency.