Happy Forgings Ltd. (HAPPYFORGE) Share Price Hits New 52-Week High

Happy Forgings Ltd. Share Price hits a new 52-week high at Rs 1,688.95, with a market cap of Rs 15,658.85 crore.

Happy Forgings Ltd. Share Price has reached a new 52-week high, trading at Rs 1,688.95. The stock opened at Rs 1,687.95 and recorded a day low of Rs 1,657.3. With a market capitalisation of Rs 15,658.85 crore, the stock's current price represents a 0.82% increase from the previous close of Rs 1,658.25. This milestone highlights the company's strong market presence and investor interest.

Happy Forgings Ltd. Share Price Today: Price Action Analysis

Metric	Value
Current Price	Rs 1,671.8
Previous Close	Rs 1,658.25
Today's Change	+Rs 13.55 (+0.82%)
Day Open	Rs 1,687.95
Fresh 52-Week High	Rs 1,688.95
Day Low	Rs 1,657.3
Current Volume	515
Turnover	Rs 0.09 crore
Market Capitalisation	Rs 15,658.85 crore

Happy Forgings Ltd. (HAPPYFORGE) traded at Rs 1,671.8. versus the previous close of Rs 1,658.25, a rise of 0.82%. The stock opened at Rs 1,687.95, reached Rs 1,688.95, touched Rs 1,657.3. Reported volume was 515.

Today, Happy Forgings Ltd. Share Price opened at Rs 1,687.95 and reached a high of Rs 1,688.95, marking a fresh 52-week high. The stock closed at Rs 1,671.8, up by Rs 13.55 or 0.82% from the previous close of Rs 1,658.25. The day's low was Rs 1,657.3, and the turnover stood at Rs 0.09 crore with a volume of 515 shares. This price action reflects a positive sentiment among investors.

Happy Forgings Ltd. (HAPPYFORGE) Fundamental Analysis

Metric	Value
Market Capitalisation	Rs 15,658.85 crore
P/E Ratio	36.34x
P/B Ratio	2.44x
ROE	9.41%
ROCE	12.33%

Happy Forgings Ltd. was valued at a P/E ratio of 36.34x, a P/B ratio of 2.44x. These multiples provide valuation context, but they should not be labelled expensive or inexpensive without a comparable peer or sector benchmark.

Profitability and capital efficiency were represented by ROE of 9.41% and ROCE of 12.33%. ROE relates profit to shareholder equity, while ROCE measures returns generated on the capital employed in the business.

Sector and Industry Context

Metric	Value
Sector	Automobile & Ancillaries
Benchmark Scope	same sector
Company P/E Ratio	36.34x
Benchmark Median P/E	18.96x
Benchmark Average P/E	58.35x
Benchmark P/E Range	0x to 3,000.18x
Company P/B Ratio	2.44x
Benchmark Median P/B	2.01x
Company ROE	9.41%
Benchmark Median ROE	7.67%
Company ROCE	12.33%
Benchmark Median ROCE	9.66%
Company Market Capitalisation	Rs 15,658.85 crore
Benchmark Median Market Cap	Rs 245.62 crore

Happy Forgings Ltd. (HAPPYFORGE) is classified under sector: Automobile & Ancillaries.

Happy Forgings Ltd. (HAPPYFORGE) has a P/E ratio of 36.34x, which is above the benchmark median of 18.96x, a difference of +91.67%. P/E is a valuation multiple and is not, by itself, a buy or sell signal.

Happy Forgings Ltd. (HAPPYFORGE) has a ROE of 9.41%, which is above the benchmark median of 7.67%, a difference of +22.69%. Happy Forgings Ltd. (HAPPYFORGE) has a ROCE of 12.33%, which is above the benchmark median of 9.66%, a difference of +27.64%.

Track stocks reaching yearly peaks through the Univest 52-week-high screener. The peer table below provides the company-level comparison.

Peer Comparison

Company	Symbol	Market Cap (Cr)	P/E	P/B	ROE (%)	ROCE (%)
TVS Srichakra Ltd.	TVSSRICHAK	3,029.28	36.34	2.44	9.41	12.33
CARRARO INDIA LIMITED	CARRARO	3,015.97	23.85	5.3	17.69	19.27
Divgi Torqtransfer Systems Ltd.	DIVGIITTS	2,944.52	62.32	4.6	15.05	19.01
Sundaram-Clayton Ltd.	SUNCLAY	2,814.74	10.82	2.2	-3.36	3.46
Automotive Axles Ltd.	AUTOAXLES	2,719.32	16.54	2.47	12.66	16.97

Happy Forgings Ltd. (HAPPYFORGE) has a P/E ratio of 36.34x compared with the displayed peer median of 23.85x. This is a relative valuation comparison, not a buy or sell signal. Its ROE of 9.41% compares with a peer median of 12.66% across the companies shown in the table. ROCE stood at 12.33% versus the displayed peer median of 16.97%, providing a capital-efficiency comparison. Happy Forgings Ltd. (HAPPYFORGE) has a market capitalisation of Rs 15,658.85 crore. Among the 5 peers shown, 0 have a larger market capitalisation.

Why Investors Are Watching Happy Forgings Ltd.

• Happy Forgings Ltd. Share Price has hit a new 52-week high.
• Strong fundamentals with a P/E of 36.34 and ROE of 9.41%.
• Operates in a competitive sector with robust market cap.
• Positive investor sentiment reflected in recent price action.

About Happy Forgings Ltd.

Happy Forgings Ltd. is a prominent player in the Automobile & Ancillaries sector. The company specializes in manufacturing forged components for various automotive applications. With a focus on quality and innovation, Happy Forgings Ltd. has established itself as a reliable supplier to major automotive manufacturers. Its diverse product portfolio and strong market presence contribute to its competitive edge in the industry.

Track Happy Forgings Ltd. Share Price on Univest

Use Happy Forgings Ltd. (HAPPYFORGE) live share-price page, Univest 52-week-high screener, Univest market blogs to review live stock data, yearly-high lists and related market analysis.

Investors can track the live share price of Happy Forgings Ltd., along with technical indicators, fundamental ratios, shareholding patterns, 52-week levels, and market insights on Univest.

Frequently Asked Questions

What is the current share price of Happy Forgings Ltd.?

Ans. The current share price of Happy Forgings Ltd. is Rs 1,671.8, reflecting a 0.82% increase from the previous close. The stock moved 0.82% during the session. The intraday range extended from Rs 1,657.3 to Rs 1,688.95.

What is the 52-week high of Happy Forgings Ltd.?

Ans. The 52-week high of Happy Forgings Ltd. is Rs 1,688.95, achieved recently. The stock moved 0.82% during the session. The intraday range extended from Rs 1,657.3 to Rs 1,688.95. Its market capitalisation is Rs 15,658.85 crore.

How does Happy Forgings Ltd.'s P/E ratio compare to the sector?

Ans. Happy Forgings Ltd.'s P/E ratio of 36.34 is above the sector median of 18.96 but below the sector average of 58.35. The company trades at a P/E ratio of 36.34x.

What is the market capitalisation of Happy Forgings Ltd.?

Ans. The market capitalisation of Happy Forgings Ltd. is Rs 15,658.85 crore, indicating its significant size in the sector. The company operates in the Automobile & Ancillaries sector. Its P/E ratio is 36.34x.

How does Happy Forgings Ltd.'s ROE compare to its peers?

Ans. Happy Forgings Ltd.'s ROE of 9.41% is lower than CARRARO INDIA LIMITED's 17.69% but higher than Sundaram-Clayton Ltd.'s -3.36%. ROE stands at 9.41%. ROCE stands at 12.33%. The relevant peer median ROE is 7.67%.

What is the P/B ratio of Happy Forgings Ltd.?

Ans. The P/B ratio of Happy Forgings Ltd. is 2.44, slightly above the sector median of 2.01. The company trades at a P/E ratio of 36.34x. Its P/B ratio is 2.44x.

Who are some of Happy Forgings Ltd.'s peers?

Ans. Peers of Happy Forgings Ltd. include TVS Srichakra Ltd., CARRARO INDIA LIMITED, and Divgi Torqtransfer Systems Ltd. Comparable listed companies include TVS Srichakra Ltd., CARRARO INDIA LIMITED, Divgi Torqtransfer Systems Ltd.

What is the ROCE of Happy Forgings Ltd.?

Ans. The ROCE of Happy Forgings Ltd. is 12.33%, indicating strong operational efficiency. ROE stands at 9.41%. ROCE stands at 12.33%. The relevant peer median ROE is 7.67%. The relevant peer median ROCE is 9.66%.

How does Happy Forgings Ltd.'s market cap compare to its peers?

Ans. Happy Forgings Ltd.'s market cap of Rs 15,658.85 crore is significantly higher than its peers, such as TVS Srichakra Ltd. at Rs 3,029.28 crore. The company operates in the Automobile & Ancillaries sector.