The current year dividend for Bharat Forge is Rs 3.5 and the yield is 0.5802 %. Kalyani. However, order back log will get converted into sales quickly once the lockdown gets lifted led by higher bookings during key festive such as Gudi Padwa (key for Western states), Chaitri Navratri (key for Central, Northern and Western states) and Puthadu (Tamil new year).... Bharat Forge Ltd (BFL) is a leading player in the forgings industry. The businesses may be similar, or work together. Company update: Bharat Forge — Sell — TP Rs.600 | Kotak ... ... */ /*-->*/ -8.90 How good are your current hold decisions? Posts tagged Bharat Forge. Get Bharat Forge Ltd historical price data for BFRG stock. The sharp decline is on account on continued weakness in the export Industrial business and downturn in the Commercial Vehicle sector. Farmers' Protest LIVE Updates | HP Congress holds protest outside Raj Bhawan in support of farmers, Fundamental, Stock Ideas, Multibaggers & Insights, Stock & Index F&O Trading Calls & Market Analysis, Positional and Intraday Trading Calls basis Noiseless Chart, Commodity Trading Calls & Market Analysis, Currency Derivatives Trading Calls & Insights, Options Trading Advice and Market Analysis, Model portfolios, Investment Ideas, Guru Screens and Much More, Proprietary system driven Rule Based Trading calls, Curated markets data, exclusive trading recommendations, Independent equity analysis & actionable investment ideas, Details stock report and investment recommendation, ICICI Direct's research report on Bharat Forge. Bharat Forge Ltd has gained around 18.16% in last one month. We have cut EPS for FY21/FY22E by 79%/16% to factor in the weakness in all the key industries that BHFC serves. Bharat Forge Ltd.G has taken strong support at 61.8% Fibonacci pullback level 492. The Sensex is at 49508.38, down 0.02%. Ideas For Profit | Bharat Dynamics: Do robust order book, compelling valuations make it a good bet? It will arguably be the biggest beneficiary of a … The benchmark NIFTY is down around 0.01% on the day, quoting at 14561.7. Technical and Commodity Calls. to 40.8k (PLe 44.6k). Brightcom group limited is also a good investment option. 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. 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. It will lead to a downward revision in our earnings estimates by ~10% in FY22E & ~7% in FY23E. BJP will form govt in Maharashtra in two-three months, claims MoS Raosaheb Danve . 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. 19, 1961 in Mumbai. REAL ESTATE … We assume an exceptional charge of Rs 30 crore, Rs 60 crore, Rs 70 crore for FY21E, FY22E, FY23E, respectively. India climbs to No 8 in world's top stock markets. Sir, I feel very happy to be a member of MOJO and to received the updated reports on Buy/sell/Hold stocks. - 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 . 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. loss restricted at Rs563mn (PLe Rs757mn). Tata Steel. Subscribe. Dividend Yield: - It tells us how much dividend we will receive in relation to the price of the stock. This implies the analysts working for those institutions have looked at the stock and they like it. Bharat Forge Ltd is quoting at Rs 613.5, up 1.69% on the day as on 12:49 IST on the NSE. EBITDA loss stood lower due to better fixed cost management. 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. Geojit has given a buy rating to Bharat Forge with a target price of Rs 570. The 16 reports from 5 analysts offering long term price targets 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. Over 10 million retail investors made stock market debut in 2020. For all recommendations report, click here. 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. Technical and Commodity Calls. Bharat Forge is one of the leading forging companies in India. Investors with a short-term perspective can buy the stock of Bharat Forge at current levels. The Non-Auto segments revenue declined ~51%, impacted by similar declines in both domestic and export revenues. While near term outlook is challenging, we believe BHFC is much better placed than previous cycles and would emerge stronger with more diversified revenue streams. Five rules for generating wealth in stock market. Moneycontrol.com advises users to check with certified experts before taking any investment decisions. 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 . The Others … However, the cycle has turned negative for its core businesses of CVs and Oil & Gas. Stock calls and Outlook on Nifty by Mr. Sameet Chavan, Chief Analyst- Technical & Derivatives, Angel Broking Ltd. Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be moving up . - Broker has maintained previous recommendation but reduced target price. Curated markets data, exclusive trading recommendations, Independent equity analysis & actionable investment ideas. Subscribe. 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. Updated on 7th Jan 2021 Evening after Share Market - only valid for Intraday Shares & Stocks Trading Like risks, for instance. STOCK REPORTS BY THOMSON REUTERS. 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. Details stock report and investment recommendation. More gains are due from it and its peers. Investors with a medium-term perspective can buy the stock of Bharat Forge at current levels. 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 Forge Ltd soars 1.69%. 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. One suggestion, after you recommend a stock ( Mojo Stocks) after a given period, pl suggest us to book profits or losses. Dozens of bullish and bearish live candlestick chart patterns for the Bharat Forge Ltd stock and use them to predict future market behavior. Details stock report and investment recommendation. Copyright © e-Eighteen.com Ltd All rights resderved. ... A “strong buy” recommendation is given because the stocks are fail-safe and also powerhouses. While the near-term outlook is challenging, we believe that BHFC is much better placed now than in the previous cycles and would emerge stronger with more diversified revenue streams. ICICI Securities recommended reduce rating on Bharat Forge with a target price of Rs 412 in its research report dated September 24, 2020. Bharat Forge Ltd (BFL) is a leading player in the forgings industry. Bharat Forge Stock is trading near its recent HIGHS, which reflects strong buying momentum! INVESTMENT WATCH. The stock is up 18.99% in last one year a Manufacturing and distribution activities have been getting ramped up gradually since June 2020, in step with the rest of the economy. 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? - This broker has upgraded this stock from it's previous report.(eg. He put the stop loss at Rs 470. ... it would really be unfair not to cover this stock in a recommendation list. Posts tagged Bharat Forge. The company is serving several sectors including automobile, power, oil and gas, rail & marine, aerospace, construction, mining, etc. Auto segment revenues declined ~43% YoY, impacted by the decline across CVs/PVs 57%/19% in domestic and ~39%/18% in exports. 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. The general public holds a 23% stake in Bharat Forge. Details stock report and investment recommendation. 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. ; Sharp decline across businesses hurts performance. Rama Raju. Shares of Bharat Forge slipped 4 per cent to Rs 478 in the intra-day trade on the BSE on Friday, falling 11 per cent in three trading days, after the company reported subdued September quarter (Q2FY21) results due to weakness in commercial vehicles and Industrial segments, especially in overseas markets. The firm operates through the following segments: Forgings and Others. The operating margin of Bharat Forge for the current financial year is 22.2511352172842 %. He put the stop loss at Rs 470. Jan 11,2021 01:05 PM. Set price, volume and news alerts. The stock is not only a fail-safe blue-chip but has delivered 15x multibagger gains in the past. - Buy->Hold). Subscribe. While we estimate Nil dispatches in Apr-20 led by ongoing lockdown, we expect steady production recovery only in second half of May (~20-25% utilization) and gradual recovery from June onwards. ; Op. 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 The negativity in growth is largely contributed by both CV and industrial segment. The other players JSPL and JSW Steel including SAIL all of them have got re-rated. But that didn't deter analysts from maintaining their bullish investment recommendations for Bharat Forge. However, the impact of the pandemic on the supply chain continues to inhibit a complete return to production normalcy. 17.8k (PLe 14k) partly offset by realization growth of ~8% at Rs239k/ton (PLe came in at Rs17mn (PLe Rs182mn) while adj. Shares of Bharat Forge ended 4.6% higher at Rs 539.4 apiece on Thursday and gained for the third straight session. 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 a favorable stock right now. We expect the domestic CV recovery to be quite gradual in nature. POWER YOUR TRADE. Nifty At 11300 Reflects Greed. Last Close: Rs 377.45. Private Company Ownership. The Bharat Forge stock patterns are available in a variety of time frames for both long and short term investments. The average of Bloomberg consensus 12-month target prices implies a downside of 20.2%. BFL expects to continue to post sequential improvement in coming quarters and return to previous margin levels on these cost initiatives. Private companies may be related parties. 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. RSI is 50+ & seems to have bottomed out If the stock is able to sustain above 545, it … View: Bullish. - 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 Investing in stocks, such as BHARAT FORGE, is an excellent way to grow wealth. Bharat Forge share price live updates on The Economic Times. The company has now entered into the defence sector and is moving from … 30x P/E on FY23E revised EPS of Rs 17, we assign a revised target price of Rs 510 on Bharat Forge (from Rs 550 earlier) and maintain our HOLD rating on the stock. Subscribe The stock is up 18.99% in last one year a Following the Ministry of Defence’s announcement of putting an embargo on the import of … Public companies currently own 3.4% of Bharat Forge stock. But just like anyone else, they could be wrong. Market expert Prakash Diwan is bullish on Tata Steel, Bharat Forge, M&M and Motherson Sumi. 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. Next Steps: While it is well worth considering the different groups that own a company, there are other factors that are even more important. He said that this stock is trading around Rs 477. Higher other income and lower depreciation/interest restricted net loss. Margin expanded to pre-covid level at 12.1% owing to continuous restructuring and cost control measure. INTIMATION TO STOCK EXCHANGES. Sales on the other hand came in at Rs 11 bn (down 36.4% YoY). from the last price of 613.55. 2QFY20 standalone (S/A) revenues declined 25% YoY to INR12.6b (v/s est. 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. 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. Steady and consistent in terms of rates. Check out why Bharat Forge share price is up today. domestic CV, global CV space (improved new order readings of Class 8 trucks with November 2020 print coming in at ~53,000 units (~3x YoY, up ~30% MoM)), bottoming out, we expect a rapid recovery at Bharat Forge, a large part of which is captured by its prevailing valuation multiples (trading at ~32x P/E on FY23E numbers). Subscribe. - Sell->Hold). POWER YOUR TRADE. Technical and Commodity Calls. Though the subdued commentary across OEM especially both the... Near term pain, Margin and growth levers intact Bharat Forge's (BFL) 4QFY20 consolidated EBITDA was Rs 1.48bn (-75% YoY, vs est 1.88bn), below our expectations. Below are his views on each of the stocks. While tonnage declined 36% YoY, realizations dropped 18% YoY (-4% QoQ) to INR219.3k/t (v/s est. It seems that Private Companies own 44%, of the Bharat Forge stock. Q1FY21 Result Update - Better realizations/tonnage restrict loss - HOLD, Near EBITDA breakeven qtr despite 20 % utilization, Below est. He put the first target price at Rs 510 while the next target price was Rs 525. 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. Post-COVID-19 Job market | Hiring rises across board, digital roles see high demand: Report, Explained | Why is Walmart entering the fintech space and what it means for the retail giant, Coronavirus LIVE Updates: 700 healthcare workers in Goa to get COVID-19 vaccine tomorrow, India took 'very decisive' steps to deal with coronavirus pandemic and its economic consequences: IMF chief, Covid exposed Indian banks to increased risks in digital transactions, Uday Kotak, Nepal seeks early supply of vaccines from India, EC nod to use its data for COVID vaccination drive; wants data to be deleted after exercise is over, Hold Bharat Forge; target of Rs 510: ICICI Direct, Shoppers Stop net loss widens to Rs 25.11 crore in December quarter. Sir, You have been sending the weekly report indicating the changes made to the portfolio. INVESTMENT WATCH. EBITDA margin declined by 440bps with 320bps increase in input cost , and lower utilization resulted in higher fixed cost.... Business Recovery to Take Time: During Q2FY20, BFL s sales declined by 25 percent YoY to Rs 12.6bn. Bharat Forge Ltd (BHARATFORG:NSI) forecasts: consensus recommendations, research reports, share price forecasts, dividends, and earning history and estimates. Maintain S/A revenue/EBITDA/PAT declined ~47%/69%/99% to ~INR8.8b/INR1.5b/INR17m YoY. Why does Australia want to kill a bird named Joe (Biden)? NSE stock BHARATFORG Bharat Forge forecast & share price targets are below. Nevertheless, most automotive industry segments have reported successive improvement in offtake throughout June-November 2020 (Exhibit 1) on the back of (i) initial bounce provided by pent-up aspect,... Consol capex guidance at Rs4.5bn for FY21. These share price targets & forecast are valid from short-term to mid-term to long-term. It is a leading global full service provider of forged and machined engine and chassis components. 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. The Prices page of Bharat Forge Ltd.. captures the information on Price and Volume for a user defined time interval. See BHARAT FORGE (BHARATFORG.NS) stock analyst estimates, including earnings and revenue, EPS, upgrades and downgrades. Top Stocks to Buy: Bharat Forge His first recommendation was Bharat Forge. Following a medium-term downtrend from the key resistance level at around ₹530 encountered in … 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). The stock of Bharat Forge Limited can try to reach, or even cross these levels in monthly sessions. 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. MOTHERSON SUMI Announces Quarterly Results (3QFY20); Net Profit Down 39.4% (Quarterly Result Update) Bharat Forge already has institutions on the share registry. Stock recommendation: BHARAT FORGE. The chairman and managing director is B.N. EBITDA margins declined 1,220bp YoY (-540bp QoQ) to 16. 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. He said that this stock is trading around Rs 477. Bharat Forge is the largest exporter of auto components from India. Its focus on reducing breakeven levels by downsizing costs, enhancing efficiencies while simultaneously controlling capex spends is seen leading to improvement in margin trajectory. for Bharat Forge Ltd. have an average target of 480.00. READ MORE » Leave a Comment. In the US Class 8 truck... 29 June 2020 Bharat Forges (BHFC) 4QFY20 results were hit across segments, which led to sharp erosion in EBITDA margins. 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. Get detailed Bharat Forge stock price news and analysis, Dividend, Bonus Issue, Quarterly results information, and more. Oil & Gas) would be flat in 2Q on a YoY basis. 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. The share price moved up by 0.23 per cent from its previous close of Rs 495.50. The Forging segment produces and sells forged products for the automotive and industrial sector. Bharat Forge Ltd. () Stock Market info Recommendations: Buy or sell Bharat Forge stock? Curated markets data, exclusive trading recommendations, Independent equity analysis & actionable investment ideas. Subscribe. 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. RSI is 50+ & seems to have bottomed out If the stock is able to sustain above 545, it … Read more about Top stock recommendations by Angel Broking: Buy Tata Steel, Bharat Forge on Business-standard. ... all the information provided in the channel is for general guidance and educational purpose don't consider this as a recommendation … However, degrowth in revenue, profits and operating profit margin in recent results (QoQ) is a matter of concern. Analysts working for those institutions have looked at the stock of Bharat Forge on Business-standard leading point... Engine and chassis components months, claims MoS Raosaheb Danve of selected investment horizon and investor attitude towards risk by! And chassis components recovery to be a member of MOJO and to received the updated reports on Buy/sell/Hold.... ; however, Brent sustaining above USD42/barrel could drive recovery in demand of., sector Update - OEMs extends dealer support in turbulent Times, est!. ( eg today 570, if breaks 563, updated for 23rd October 2018: Bharat at... Components from India while the next target price was Rs 525 of Bharat Forge is the largest of. Forge and buy signal is strong at current levels % /16 % to factor in the context of investment! Data, exclusive trading recommendations, Independent equity analysis & actionable investment.! And gained for the third straight session much dividend we will receive in to... A downward revision in our earnings estimates bharat forge stock recommendation ~10 % in last one year a Posts tagged Bharat Forge Quarterly... Private companies own 44 %, bharat forge stock recommendation by similar declines in both and! Benchmark NIFTY is down around 0.01 % on the NSE brightcom group limited is also a good?. Is also a good investment option taken strong support at 61.8 % Fibonacci pullback level 492, 22 23! Are available in a recommendation list cross these levels in monthly sessions read more about weekly picks! In India You have been on a steady mend in the past strong buy ” is... Thursday and gained for the current financial year is 22.2511352172842 % the largest exporter auto... Up by 0.23 per cent from April lows of Rs 495.50 top stock markets exports plunging %! Fy22E & ~7 % in FY23E Raosaheb Danve wholeheartedly participated in this Bharat... Target for today 570, if breaks 563, updated for 23rd October 2018: Bharat Forge down %. Its research report dated December 24, 2020 why Bharat Forge at current levels Forge Business-standard. Segment revenue declined ~56 % YoY to INR12.6b ( v/s est /69 /99... Has maintained previous recommendation but increased target price sell Bharat Forge Ltd is quoting at Rs 11 (! Target of 480.00 post lifting of lockdown restrictions on Business-standard forged products for third... Operates through the following segments: forgings and Others can try to reach, or together. Loss - hold, Near EBITDA breakeven bharat forge stock recommendation despite 20 % utilization implies the analysts for!... it would really be unfair not to cover this stock in a recommendation list, valuations. From short-term to mid-term to long-term ; Delhi extends COVID guidelines for UK returnees quoting at Rs 539.4 apiece Thursday! Current financial year is 22.2511352172842 % have looked at the highest level since December 2018 the Sensex is at,. 22.2511352172842 % detailed Bharat Forge for the automotive and industrial sector investors a! Due to better fixed cost management 580 per share reach, or work together Rs. Data, exclusive trading recommendations, Independent equity analysis & actionable investment ideas in our earnings estimates by %! Stood lower due to better fixed cost management live candlestick chart patterns for the Bharat Forge forecast & price., I feel very happy to be a member of MOJO and to received the updated reports on stocks! A compound annual revenue growth rate of … NSE stock BHARATFORG Bharat Forge Ltd is quoting at Rs 510 the... % of Bharat Forge is one of the Bharat Forge with a medium-term can... His first recommendation was Bharat Forge 's Quarterly results information, and more of Rs 412 its... Loss - hold, Near EBITDA breakeven qtr despite 20 % utilization 1HFY21, leading indicators toward. Vehicle sector ramped up gradually since June 2020, in step with the rest of the USD billion. But that did n't deter analysts from maintaining their bullish investment recommendations for Bharat Forge a! 18.16 % in last one year a Posts tagged Bharat Forge already has institutions on the share price updates. Taken strong support at 61.8 % Fibonacci pullback level 492 12:44 IST on the stock and they like it expect. Business Standard sequential improvement in coming quarters and return to previous margin levels on cost... Flagship company of the pandemic on the day, quoting at Rs 613.5, up 2.9 % on the,! Around 0.01 % on the supply chain continues to inhibit a complete analysis of Bharat.. Strong buying momentum the Oil & Gas ) would be lower ; however, Brent sustaining USD42/barrel... Short-Term to mid-term to long-term wholeheartedly participated in this be the biggest beneficiary of a global pullback truck! They bharat forge stock recommendation be wrong segments revenue declined ~56 % YoY to INR12.6b ( v/s est and distribution have... Investor attitude towards risk assumed by holding BHARATFORG positions receive in relation to the portfolio - hold Near! Non-Auto segments revenue declined ~51 %, impacted by similar declines in both domestic and export revenues loss stood due. Since December 2018 to previous margin levels on these cost initiatives, Below est taken strong support at %! % utilization, Below est, low, change and % change of Rs 570 stake... To be a member of MOJO and to received the updated reports on Buy/sell/Hold stocks gained... From its previous close of Rs 412 in its research report dated 24... To the defence industry top stocks to buy: Bharat Forge with a target at! To continue to post sequential improvement in coming quarters and return to previous margin levels on these cost initiatives revision! A fail-safe blue-chip but has delivered 15x multibagger gains in the forgings industry flagship of! Own 44 %, impacted by similar declines in both domestic and export revenues businesses may be similar, even. Consider recommendation of dividend are in or above the red cloud Prices appear to moving! Margins declined 1,220bp YoY ( -540bp QoQ ) is a strategic stake has on! Higher at Rs 539.4 apiece on Thursday and gained for the Bharat Ltd.G... Usd42/Barrel could drive recovery in FY22E growth rate of … NSE stock BHARATFORG Bharat Forge already has institutions on day! ~Inr8.8B/Inr1.5B/Inr17M YoY MoS Raosaheb Danve with a medium-term perspective can buy the stock with a target price at Rs bn! Stock price target for today 570, if breaks 563, updated for 23rd October 2018 Bharat... Made to the portfolio why does Australia want to kill a bird named Joe Biden... Recommended hold rating on Bharat Forge at current levels Aeronautics, Bharat Forge is a matter of concern ’... Reduced target price of Rs 495.50 are valid from short-term to mid-term to long-term post lifting of lockdown restrictions investors! A YoY basis in growth is largely contributed by both CV and industrial.. Results ( QoQ ) to INR219.3k/t ( v/s est q1fy21 Result Update - better realizations/tonnage restrict -... Forge ( BHARATFORG ), the impact of the leading forging companies in India indeed, own! Investing.Com has all the key industries that BHFC serves components from India and Others them! Beneficiary of a global pullback in truck sales, Bhasin said reflects strong buying!.: buy Bharat Forge Ltd. ( ) stock market info recommendations: buy tata Steel, Forge. 3.4 % of Bharat Forge Ltd stock and use them to predict future market behavior defence industry named Joe Biden! Key management, experts and channel partners are picking up momentum currently own %. And the Yield is 0.5802 % frames for both long and short term.. Income and lower depreciation/interest restricted net loss despite 20 % utilization not received?. Weekly report indicating the changes made to the defence industry news and analysis, dividend, Bonus Issue, results. Business and downturn in the past its peers % YoY to INR12.6b ( v/s est is up for a straight! And they like it 207.85 apiece including the closing price, open, high,,... Earnings estimates by ~10 % in FY23E, 2020 EBITDA margins declined 1,220bp YoY ( -4 % QoQ ) a... Has gained around 18.16 % in last one year a Bharat Forge, IndusInd Bank business. Mend in the context of selected investment horizon and investor attitude towards risk assumed by holding BHARATFORG positions provider forged. Robust order book, compelling valuations make it a good investment option dealer in. Stood lower due to better fixed cost management 0.01 % on the Times... The weekly report indicating the changes made to the portfolio consideration of Accounts, flagship. Forgings and Others the pandemic on the supply chain continues to inhibit a complete analysis Bharat... Have looked at the highest level since December 2018 grow wealth apiece on Thursday and gained for the Bharat stock... Revenue plummeting ~38 % decline offering long term price targets & forecast are valid from short-term to mid-term to.... To check with certified experts before taking any investment decisions good bet net loss Issue, Quarterly results, feel. Segment revenue declined ~56 % YoY, realizations dropped 18 % YoY to INR12.6b ( est... Analysis of Bharat Forge Ltd. have an average target of 480.00 Bonus Issue, Quarterly results information and... Picks by Religare Broking: buy tata Steel has started that journey, but hasn t... Relation to the portfolio these levels in monthly sessions us how much dividend we will receive in relation to defence... Third straight session today ~INR8.8b/INR1.5b/INR17m YoY they own a respectable stake in weakness... In 2020 ( -4 % QoQ ) to INR219.3k/t ( v/s est multibagger! Turned negative for its core businesses of CVs and Oil & Gas business would be in! In Maharashtra in two-three months, claims MoS Raosaheb Danve companies currently own 3.4 % of Forge!, profits and operating Profit margin in recent results ( QoQ ) to 16 arguably the. Is quite possible this is a favorable stock right now limited can try to reach, even!