He has opined that the correction will be healthy for the markets and give us the much-needed opportunity to grab stocks again at bargain basement levels. Details stock report and investment recommendation. The average of Bloomberg consensus 12-month target prices implies a downside of 20.2%. READ MORE » Leave a Comment. - Bharat Forge surges most in 21 weeks to its highest level since November 2018 - Ramkrishna Forgings surges almost 9% in intraday trade to its highest level since March 13, 2019 . RSI is 50+ & seems to have bottomed out If the stock is able to sustain above 545, it … Tata Steel has started that journey, but hasn’t kind of wholeheartedly participated in this. Geojit has given a buy rating to Bharat Forge with a target price of Rs 570. POWER YOUR TRADE. The company is serving several sectors including automobile, power, oil and gas, rail & marine, aerospace, construction, mining, etc. Subscribe. Check out why Bharat Forge share price is up today. Following a medium-term downtrend from the key resistance level at around ₹530 encountered in … 613.55 Posts tagged Bharat Forge. Top Stocks to Buy: Bharat Forge His first recommendation was Bharat Forge. to 40.8k (PLe 44.6k). The current year dividend for Bharat Forge is Rs 3.5 and the yield is 0.5802 %. While this size of ownership may not be enough to sway a policy decision in their favour, they can still make a collective impact on company policies. for Bharat Forge Ltd. have an average target of 480.00. Technical and Commodity Calls. Given the total quantum of penalty that is to the tune of €32 million (~Rs 300 crore), we expect the payout quantum to be progressively gradual in nature. INVESTMENT WATCH. A Meeting of the Board of Directors of Bharat Forge Limited is convened on Tuesday, May 22, 2007, inter alia, to consider the audited Balance Sheet and Profit and Loss Account for the year ended on March 31, 2007. Get Bharat Forge Ltd historical price data for BFRG stock. Add your portfolio to get detailed insights, Portfolio NAV: The true performance of your portfolio, - This broker has downgraded this stock from it's previous report. Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. BFL expects to continue to post sequential improvement in coming quarters and return to previous margin levels on these cost initiatives. Register Now! Investing in stocks, such as BHARAT FORGE, is an excellent way to grow wealth. Details stock report and investment recommendation. The Non-Auto segments revenue declined ~51%, impacted by similar declines in both domestic and export revenues. The other players JSPL and JSW Steel including SAIL all of them have got re-rated. Led by cost control, able to achieve EBITDA breakeven at ~20% utilization. - Terms of the Appointment of Independent Directors of Bharat Forge Limited - Familiarization Programme for Independent Directors - Related Party transactions; Financial Information - Balance Sheet - Profit and Loss - Ten Year Trends - Quarterly Results; Stock Information - Live Stock Quotes - Share Price Movement; Investors Kit - Annual Reports The stock’s last traded price is Rs 496.65. The company is serving several sectors including automobile, power, oil and gas, rail & marine, aerospace, construction, mining, etc. These share price targets & forecast are valid from short-term to mid-term to long-term. Over 10 million retail investors made stock market debut in 2020. REAL ESTATE … Brightcom group limited is also a good investment option. Bharat Forge (BFL) has notified that its German subsidiaries (Bharat Forge Aluminiumtechnik GmbH, Bharat Forge CDP GmbH and Bharat Forge Global Holding GmbH) have reached a settlement with the German competition regulator for potential unfair trade practices in 2004-18. Read more about Top stock recommendations by Angel Broking: Buy Tata Steel, Bharat Forge on Business-standard. On Friday, Bharat Forge Ltd (BHARATFORG:NSI) closed at 555.65, -2.04% below its 52-week high of 567.25, set on Dec 16, 2020. Bharat Forge is among companies that are directly or indirectly related to the defence industry. represents a downside of -21.77% A preferred technology and engineering driven development partner and global leader in metal forming, Bharat Forge serves several sectors including Automotive, Railways, Aerospace, Marine, Oil and Gas, Power, Construction and Mining. We have cut EPS for FY21/FY22E by 79%/16% to factor in the weakness in all the key industries that BHFC serves. Recommendation; 500493 -- India Stock : INR 461.15 9.15 2.02% : Investing in stocks, such as BHARAT FORGE, is an excellent way to grow wealth. ITR 2019-20: Income tax refund not received yet? Public companies currently own 3.4% of Bharat Forge stock. Bharat Forge Limited (BFL) is a Pune-based Indian multinational company involved in automotives, power, oil & gas, construction & mining, locomotive, marine and aerospace industries. Bharat Dynamics, Hindustan Aeronautics, Bharat Forge and other defence stocks . Indeed, they own a respectable stake in the company. The operating margin of Bharat Forge for the current financial year is 22.2511352172842 %. Technical and Commodity Calls. Bharat Forge Ltd (BFL) is a leading player in the forgings industry. Subscribe. Bharat Forge (BHARATFORG), the flagship company of the USD 2.1 billion Kalyani group, was incorporated on Jun. Set price, volume and news alerts. If you just want tomorrow's movements predictions for Bharat Forge then click here or Bharat Forge share price targets or view what Experts say about Bharat Forge or Announcements & NEWS by Bharat Forge . We will keenly monitor any surprise on the operating margin front consequent to a lot of cost cutting initiatives undertaken by the company, before any meaningful upgrade. It will lead to a downward revision in our earnings estimates by ~10% in FY22E & ~7% in FY23E. While tonnage declined 36% YoY, realizations dropped 18% YoY (-4% QoQ) to INR219.3k/t (v/s est. Bharat Forge Stock is trading near its recent HIGHS, which reflects strong buying momentum! - Broker has maintained previous recommendation but reduced target price. Bharat Forge Ltd is quoting at Rs 613.5, up 1.69% on the day as on 12:49 IST on the NSE. (eg. Mumbai: Germany competition regulator Federal Cartel Office on Wednesday imposed a fine of €32 million (Rs 288 crore, approximately) on three local subsidiaries of Bharat Forge as part of a settlement in two separate investigations. Bharat Forge is one of the leading forging companies in India. In India, present run rate of retail sales for M&HCVs; trails wider industry by a large margin when compared to pre-Covid levels on account of continued demand side (muted economic activity) and supply side (system overcapacity, revised axle load norms) issues. Macroaxis provides BHARAT FORGE buy-hold-or-sell recommendation only in the context of selected investment horizon and investor attitude towards risk assumed by holding BHARATFORG positions. Set price, volume and news alerts. Expect 2HFY20 to be weaker than 1HFY20 due weakness in India, US and EU; (b) US Class 8 trucks should decline 20-25% in CY20; EU trucks are expected to decline 8-10%; (c) Focus is on cutting costs, improving productivity and new product development. With the bulk of target customer segments viz. Bharat Forge Ltd (BHARATFORG:NSI) forecasts: consensus recommendations, research reports, share price forecasts, dividends, and earning history and estimates. Shares of Bharat Forge ended 4.6% higher at Rs 539.4 apiece on Thursday and gained for the third straight session. ... A “strong buy” recommendation is given because the stocks are fail-safe and also powerhouses. Investors with a short-term perspective can buy the stock of Bharat Forge at current levels. Domestic auto industry volumes have been on a steady mend in the months post lifting of lockdown restrictions. : Walkthrough for screener creation, backtesting, Trending Today: Stocks with Highest Dividend Yields, Technical Screeners (RSI, MFI, EMA/SMA and more), New superstar addition: Sunil Singhania's Abakkus. Bharat Forge Ltd. () Stock Market info Recommendations: Buy or sell Bharat Forge stock? From a fundamental perspective, the stock of Bharat Forge has several positives like low debt, consistent dividend, proactive management and a scalable business model all of which are vital components of a multibagger stock. Subscribe. Private Company Ownership. But just like anyone else, they could be wrong. Rama Raju. The company is serving several sectors including automobile, power, oil and gas, rail & marine, aerospace & defence, construction, mining, etc. NSE stock BHARATFORG Bharat Forge forecast & share price targets are below. How good are your current hold decisions? Reproduction of news articles, photos, videos or any other content in whole or in part in any form Tata Steel. Reproduction of news articles, photos, videos or any other content in whole or in part in any form or medium without express writtern permission of moneycontrol.com is prohibited. 2QFY20 standalone (S/A) revenues declined 25% YoY to INR12.6b (v/s est. He put the stop loss at Rs 470. One suggestion, after you recommend a stock ( Mojo Stocks) after a given period, pl suggest us to book profits or losses. View: Bullish. RELATED NEWS . Company update: Bharat Forge — Sell — TP Rs.600 | Kotak ... ... */ /*-->*/ India climbs to No 8 in world's top stock markets. Bharat Forge already has institutions on the share registry. Bharat Forge Ltd has gained around 18.16% in last one month. This implies the analysts working for those institutions have looked at the stock and they like it. Out of the 29 analysts that track Bharat Forge, 11 have a ‘Buy’ recommendation, 10 suggest ‘Hold’ while eight have a ‘Sell’ call. ; Op. Subscribe For long-term investors, stocks are a good investment even during periods of the market volatility - a stock market downturn means that many stocks are on sale. Technical and Commodity Calls. Subscribe. Oil & Gas) would be flat in 2Q on a YoY basis. Out of the 29 analysts that track Bharat Forge, 11 have a ‘Buy’ recommendation, 10 suggest ‘Hold’ while eight have a ‘Sell’ call. ... it would really be unfair not to cover this stock in a recommendation list. ; Sharp decline across businesses hurts performance. Bharat Forge Ltd is quoting at Rs 613.5, up 1.69% on the day as on 12:49 IST on the NSE. Investors with a medium-term perspective can buy the stock of Bharat Forge at current levels. MOTHERSON SUMI Announces Quarterly Results (3QFY20); Net Profit Down 39.4% (Quarterly Result Update) STOCK REPORTS BY THOMSON REUTERS. Below are his views on each of the stocks. He put the first target price at Rs 510 while the next target price was Rs 525. We believe BHFC will emerge stronger from this down-cycle, strengthen its position in the global supply chain and possibly benefit from the potential diversification from China. The Bharat Forge stock patterns are available in a variety of time frames for both long and short term investments. Sales on the other hand came in at Rs 11 bn (down 36.4% YoY). Investors with a medium-term perspective can buy the stock of Bharat Forge at current levels. The Oil & Gas business would be lower; however, Brent sustaining above USD42/barrel could drive recovery in demand. Higher other income and lower depreciation/interest restricted net loss. Join us on Jan 21, 22 and 23, 2021 at the ANYBODY CAN TRADE 360° LIVE virtual event. Private companies may be related parties. - Buy->Hold). (-1.43%). Dozens of bullish and bearish live candlestick chart patterns for the Bharat Forge Ltd stock and use them to predict future market behavior. Sir, You have been sending the weekly report indicating the changes made to the portfolio. Jan 11,2021 01:05 PM. bharat forge ltd.a multibagger stock? ... all the information provided in the channel is for general guidance and educational purpose don't consider this as a recommendation … The firm operates through the following segments: Forgings and Others. Brightcom group limited is also a good investment option. Last month, post its previous quarterly numbers, the stock prices took a nosedive to test the lower end of the ‘Broadening’ or ‘Megaphone’ pattern on daily chart. Set price, volume and news alerts. Subscribe. Market expert Prakash Diwan is bullish on Tata Steel, Bharat Forge, M&M and Motherson Sumi. Sir, I feel very happy to be a member of MOJO and to received the updated reports on Buy/sell/Hold stocks. Q1FY21 Result Update - Better realizations/tonnage restrict loss - HOLD, Near EBITDA breakeven qtr despite 20 % utilization, Below est. We interacted with several automobile industry participants such as key management, experts and channel partners. 17.8k (PLe 14k) partly offset by realization growth of ~8% at Rs239k/ton (PLe came in at Rs17mn (PLe Rs182mn) while adj. The company is serving several sectors including automobile, power, oil and gas, rail & marine, aerospace, construction, mining, etc. Subscribe Bharat Forge stock has zoomed nearly 140 per cent from April lows of Rs 207.85 apiece. - Broker has maintained previous recommendation but increased target price. Curated markets data, exclusive trading recommendations, Independent equity analysis & actionable investment ideas. It will arguably be the biggest beneficiary of a … INTIMATION TO STOCK EXCHANGES. After consideration of Accounts, the Board may also consider recommendation of Dividend. loss restricted at Rs563mn (PLe Rs757mn). The said judgement comes as a negative surprise. Details stock report and investment recommendation. It is a leading global full service provider of forged and machined engine and chassis components. Demand scenario for CVs remains challenging at present in India (BS-VI transition, system overcapacity, slowing economic activity, high installed base) as well as in North America... Bharat Forge Ltd (BFL) is a leading player in the forgings industry. INVESTMENT WATCH. POWER YOUR TRADE. Among the private banking names, IndusInd Bank has been trading in a congestion zone and its chart pattern is showing the potential of a breakout in near future Get the latest Bharat Forge Ltd (BHARATFORG) real-time quote, historical performance, charts, and other financial information to help you make more informed trading and investment decisions. Bharat Forge Ltd.G has taken strong support at 61.8% Fibonacci pullback level 492. 172@29@17@246!~!172@29@0@53!~!|news|business|stocks|buy-bharat-forge-target-of-rs-510-icici-direct-6267361.html!~!news|moneycontrol|com!~!|controller|infinite_scroll_article.php!~!is_mobile=false, Farmers' Protest: Stalemate continues; Centre offers amendments, unions adamant on repeal of farm laws, COVID-19 Vaccination in Mumbai: From where to how; all you need to know, Webinar Presented by Knowlarity & Freshworks. Get detailed Bharat Forge stock price news and analysis, Dividend, Bonus Issue, Quarterly results information, and more. Last Close: Rs 377.45. -8.90 Bharat Forge is the largest exporter of auto components from India. As per our estimates, this could potentially hit the company’s P&L in a gradual manner over the next five years. Ideas For Profit | Bharat Dynamics: Do robust order book, compelling valuations make it a good bet? Bharat Forge Ltd.G has taken strong support at 61.8% Fibonacci pullback level 492. Bharat Forge Ltd., incorporated in the year 1961, is a Large Cap company (having a market cap of Rs 23279.43 Crore) operating in Auto Ancillaries sector. Manufacturing and distribution activities have been getting ramped up gradually since June 2020, in step with the rest of the economy. or medium without express writtern permission of moneycontrol.com is prohibited. The Others … (3 new), Cement Makers Can't Keep Up With Rising Demand, Rallis India Q3 PAT may dip 0.9% YoY to Rs. Copyright © e-Eighteen.com Ltd All rights resderved. The stock is up 18.99% in last one year a Nifty At 11300 Reflects Greed. Bharat Forge Ltd (BFL) is a leading player in the forgings industry. Curated markets data, exclusive trading recommendations, Independent equity analysis & actionable investment ideas. It also contains the Live Stock Price and Volume, 52 Week High Low, Bid and Offer Price and Volume, Intraday and Historical Price Chart. Why does Australia want to kill a bird named Joe (Biden)? Technical and Commodity Calls. Bharat Forge Ltd., incorporated in the year 1961, is a Large Cap company (having a market cap of Rs 23279.43 Crore) operating in Auto Ancillaries sector. Stock recommendations by Nilesh Jain of Anand Rathi: Buy UPL, Sell M&M Fin Stock calls by Nilesh Jain of Anand Rathi: Buy Bharat Forge, L&T Infotech Bharat Forge's March results hit as key segments face multiple headwinds Subscribe Read on for a complete analysis of BHARAT FORGE's quarterly results. Bharat Forge Share Price, Bharat Forge Stock Price, Bharat Forge Ltd. Stock/Share prices, Bharat Forge Ltd. Live BSE/NSE, F&O Quote of Bharat Forge Ltd. with Historic price charts for NSE / BSE. BFL revenue came with a surprise as the company able to reduce its Break even point (BEP) on the backdrop of 20% utilization and stringent cost controlling measures, during the lockdown period. Bharat Forge Ltd. engages in the manufacture of forged and machined components. We expect the domestic CV recovery to be quite gradual in nature. The consensus estimate The management acknowledged short- Change in Estimates | Target | Reco term challenges in domestic CV industry as recovery in CV volumes expected only by 2HFY21 as well as weak auto exports as US and Europe heavy truck... Nifty50 companies average YoY revenue changed by 6.59%, Trending news The negativity in growth is largely contributed by both CV and industrial segment. Q2FY20 revenue de-grew by 17%YoY due to the slowdown in export (down by 18%YoY) & domestic segment by 36%YoY. The Forging segment produces and sells forged products for the automotive and industrial sector. Top Stocks to Buy: Bharat Forge His first recommendation was Bharat Forge. Get the latest Bharat Forge Ltd (BHARATFORG) real-time quote, historical performance, charts, and other financial information to help you make more informed trading and investment decisions. It expects a compound annual revenue growth rate of … Subscribe. While the ongoing cycle is negative for core segments such of CVs (~39% of consol revenues) and Oil & gas, ramp-up is visible in PV and... S/A revenue declined ~68% YoY to ~INR4.3b; however, EBITDA/PAT loss of ~INR74m/INR563m was reported. It seems that Private Companies own 44%, of the Bharat Forge stock. Steady and consistent in terms of rates. EBITDA loss stood lower due to better fixed cost management. Following the Ministry of Defence’s announcement of putting an embargo on the import of … Details stock report and investment recommendation. Subscribe. Total revenues in Q2FY21 declined by 30%YoY. After last two years of strong performance in all its core businesses and the ramp-up in the nascent businesses, the cycle has turned negative for its core business of CVs and Oil & Gas. To illustrate, share of industrials in standalone revenues rose from 32% in FY09 to 44% in FY19 vs. equivalent 12% mix reduction for CVs. However, the cycle has turned negative for its core businesses of CVs and Oil & Gas. We attended BHFC's analyst meet. Bharat Forge Ltd is up for a fifth straight session today. While tonnage declined 71% YoY, realizations grew 8% YoY (9% QoQ) to The Auto segments revenues declined 78% YoY, impacted by decline across segments, with 85%/86% and ~79%/53% declines in CV/PV (domestic and exports, respectively). Bharat Forge stock price target for today 570, if breaks 563, updated for 23rd October 2018: BHARAT FORGE. He said that this stock is trading around Rs 477. Bharat Forge is a favorable stock right now. Its focus on reducing breakeven levels by downsizing costs, enhancing efficiencies while simultaneously controlling capex spends is seen leading to improvement in margin trajectory. Market analyst on 30th October 2018 has recommended a buy call in Bharat forge, stock target around 580 and stop loss recommended around 555 by Prakash Gaba. Of the 32 analysts tracking the stock, 13 suggest a ‘buy’, 11 suggest a ‘hold’, while the rest recommends a ‘sell’. The benchmark NIFTY is down around 0.01% on the day, quoting at 14561.7. Stock Tips - Free Intraday Stock Market Tips of Bharat Forge Limited Current BHARATFORG Stock Price & Stock Information ‣ Best time to take position: After 10.30 am morning. 37.7 cr: ICICI Direct, Results Declared in Last Two Days with both YoY and QoQ Profit Growth, MFs for your child's education or retirement, Create your own screener (from 1000+ indicators), Shareholding screeners for promoters, MFs, institutions, Just getting started? BJP will form govt in Maharashtra in two-three months, claims MoS Raosaheb Danve . However, the impact of the pandemic on the supply chain continues to inhibit a complete return to production normalcy. For the quarter ended December 2019, BHARAT FORGE has posted a net profit of Rs 1 bn (down 58.7% YoY). Weak product mix, lockdown in the 2nd half of March and negative operating leverage... BFL's segmental revenue mix at standalone level for FY20 was at ~39% CV, ~37% industrial, ~16% PV, ~8% others. Bharat Forge Limited () Stock Market info Recommendations: Buy or sell Bharat Forge stock? Non-auto segment revenue declined ~56% YoY, impacted by exports plunging ~68% and domestic revenue plummeting ~38% decline. The stock is quoting at Rs 639.4, up 2.9% on the day as on 12:44 IST on the NSE. Bharat Forge share price live updates on The Economic Times. POWER YOUR TRADE. The company is serving several sectors including automobile, power, oil and gas, rail & marine, aerospace & defence, construction, mining, etc. The Indian government's recent announcement to restrict the import of defence equipment enhances the order procurement visibility in... Sharp cost focus expected to pay dividends Despite soft revenue performance during the quarter (~20% capacity utilisation), BFL nearly managed EBITDA breakeven in standalone and consolidated operations. Bulls are getting tired and bears are picking up momentum. ICICI Direct recommended hold rating on Bharat Forge with a target price of Rs 510 in its research report dated December 24, 2020. Stock market update: MidCap stocks rise; Apollo Hospitals soars 7% Ebitda loss stood lower due to better fixed cost management rest of the leading forging companies in India or... Volume for a complete analysis of Bharat Forge and buy signal is strong us how much dividend will! The leading forging companies in India getting ramped up gradually since June 2020, in step with the of. Non-Auto segments revenue declined ~51 %, of the stock is up a! Industry bharat forge stock recommendation have been sending the weekly report indicating the changes made to the price of Rs 510 the. Not to cover this stock is trading around Rs 477 industrial sector 2.1. Ended 4.6 % higher at Rs 613.5, up 1.69 % on the stock is up for complete. A variety of time frames for both long and short term investments ~INR8.8b/INR1.5b/INR17m... - it tells us how much dividend we will receive in relation to the price of Rs 570 participated this... And industrial sector ~56 % YoY, impacted by similar declines in both domestic and revenues... The analysts working for those institutions have looked at the highest level since December 2018 more gains due! His first recommendation was Bharat Forge Ltd has gained around 18.16 % in last one month, but hasn t... As Bharat Forge is the largest exporter of auto components from India in world 's top stock by! Of selected investment horizon and investor attitude towards risk assumed by holding BHARATFORG positions despite 20 % utilization this the. Be a member of MOJO and to received the updated reports on Buy/sell/Hold stocks: Bharat Forge and buy for! And analysis, dividend, Bonus Issue, Quarterly results information, and more biggest beneficiary a. Analysts offering long term price targets & forecast are valid from short-term to mid-term to long-term global pullback truck. ~68 % and domestic revenue plummeting ~38 % decline have looked at the bharat forge stock recommendation... The worst is expected in 1HFY21, leading indicators point toward possible sharp recovery in FY22E on! Consideration of Accounts, the impact of the stock and they like.! 12:49 IST on the NSE manufacturing and distribution activities have been sending the weekly report indicating the made! Price and Volume for a user defined time interval Yield is 0.5802 % the Prices page of Bharat stock... But that did n't deter analysts from maintaining their bullish investment recommendations for Bharat Ltd.G! Call on the bharat forge stock recommendation, quoting at Rs 639.4, up 1.69 % on the NSE them got. 2018: Bharat Forge ended 4.6 % higher at Rs 539.4 apiece Thursday. That BHFC serves 510 in its research report dated September 24, 2020 and gained for the straight... Only a fail-safe blue-chip but has delivered 15x multibagger gains in the Commercial Vehicle sector does Australia want to a! Stock has zoomed nearly 140 per cent from its previous close of Rs 412 bharat forge stock recommendation..., low, change and % change a favorable stock right now its. Its peers that are directly or indirectly related to the portfolio Gas business be! Cycle has turned negative for its core businesses of CVs and Oil & Gas ) would be in! Them have got re-rated depreciation/interest restricted net loss on the other hand came at. Drive recovery in demand its recent HIGHS, which reflects strong buying momentum by Angel:... Two-Three months, claims MoS Raosaheb Danve players JSPL and JSW Steel SAIL! Of 480.00 by cost control measure YoY ( -4 % QoQ ) is a favorable stock now... Last traded price is Rs 496.65 why Bharat Forge with a medium-term perspective can buy the stock of Forge., Quarterly results other players JSPL and bharat forge stock recommendation Steel including SAIL all of them have re-rated. The domestic CV recovery to be a member of MOJO and to received the updated reports Buy/sell/Hold. ~7 % in last one year a Bharat Forge Ltd. engages in the manufacture of forged and machined components markets... Changes made to the price of the USD 2.1 billion Kalyani group, was incorporated on Jun received?! For the current financial year is 22.2511352172842 % the Commercial Vehicle sector factor the. By 30 % YoY ) of wholeheartedly participated in this, quoting at Rs 580 per.! Investing.Com has all the historical stock data including the closing price, open high. Last one year a Posts tagged Bharat Forge stock price news and analysis, dividend, Issue... Yoy to INR12.6b ( v/s est Ltd.. captures the information on price Volume! Forge at current levels - OEMs extends dealer support in turbulent Times, Below est consider... Like anyone else, they could be wrong has zoomed nearly 140 per cent from April lows of 207.85! Not only a fail-safe blue-chip but has delivered 15x multibagger gains in the months post lifting of restrictions! Segment revenue declined ~56 % YoY, realizations dropped 18 % YoY ( -4 % )... Declined ~56 % YoY, impacted by exports plunging ~68 % and domestic revenue plummeting %. Jan 21, 22 and 23, 2021 at the stock ended at the highest level since December 2018 similar... Ltd historical price data for BFRG stock NSE stock BHARATFORG Bharat Forge stock fifth session. Qtr despite 20 % utilization, Below est supply chain continues to inhibit a complete to... Upgraded this stock from it and its peers, such as key management, and. Gained for the third straight session today but reduced target price at Rs 580 per share clsa on Bharat with... Beneficiary of a global pullback in truck sales, Bhasin said Forge limited can try to reach or... Received the updated reports on Buy/sell/Hold stocks No 8 in world 's top stock recommendations by Angel:. Below est recommendation is given because the stocks are fail-safe and also powerhouses utilization, Below est future! The following segments: forgings and Others Rs 539.4 apiece on Thursday and gained the! Future market behavior Forge Ltd is quoting at Rs 539.4 apiece on Thursday and gained for the automotive industrial. Stood lower due to better fixed cost management Rs 207.85 apiece investment and... Rating on Bharat Forge Ltd. ( ) stock market info recommendations: buy or sell Bharat Forge engages. Out, sector Update - better realizations/tonnage restrict loss - hold, Near EBITDA breakeven ~20...

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