bharat forge stock recommendation

The Sensex is at 49508.38, down 0.02%. Geojit has given a buy rating to Bharat Forge with a target price of Rs 570. 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. Investors with a medium-term perspective can buy the stock of Bharat Forge at current levels. Read more about Top stock recommendations by Angel Broking: Buy Tata Steel, Bharat Forge on Business-standard. Oil & Gas) would be flat in 2Q on a YoY basis. STOCK REPORTS BY THOMSON REUTERS. 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 CCI has generated a buy signal for Bharat Forge and BUY signal is strong. - 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 . The benchmark NIFTY is down around 0.01% on the day, quoting at 14561.7. 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. The businesses may be similar, or work together. Bharat Forge stock has zoomed nearly 140 per cent from April lows of Rs 207.85 apiece. 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. 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. Ideas For Profit | Bharat Dynamics: Do robust order book, compelling valuations make it a good bet? Steady and consistent in terms of rates. Investors with a medium-term perspective can buy the stock of Bharat Forge at current levels. Investing.com has all the historical stock data including the closing price, open, high, low, change and % change. Bharat Forge Ltd (BHARATFORG:NSI) forecasts: consensus recommendations, research reports, share price forecasts, dividends, and earning history and estimates. Hot Stocks |Bet on Bharat Forge, CEAT for up to 8% return in short-term Nishant Kumar. 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. Bharat Forge (BHARATFORG), the flagship company of the USD 2.1 billion Kalyani group, was incorporated on Jun. BFL expects to continue to post sequential improvement in coming quarters and return to previous margin levels on these cost initiatives. 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 is a favorable stock right now. The company is serving several sectors including automobile, power, oil and gas, rail & marine, aerospace, construction, mining, etc. Margin expanded to pre-covid level at 12.1% owing to continuous restructuring and cost control measure. Non-auto segment revenue declined ~56% YoY, impacted by exports plunging ~68% and domestic revenue plummeting ~38% decline. We have cut EPS for FY21/FY22E by 79%/16% to factor in the weakness in all the key industries that BHFC serves. Nifty At 11300 Reflects Greed. The stock of Bharat Forge Limited can try to reach, or even cross these levels in monthly sessions. The said judgement comes as a negative surprise. 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. deleverage hurts; Expect business to bottom out, Sector Update - OEMs extends dealer support in turbulent times, Below est. The stock is quoting at Rs 639.4, up 2.9% on the day as on 12:44 IST on the NSE. The consensus estimate We expect the domestic CV recovery to be quite gradual in nature. Bharat Forge Ltd (BFL) is a leading player in the forgings industry. Subscribe Domestic auto industry volumes have been on a steady mend in the months post lifting of lockdown restrictions. View: Bullish. POWER YOUR TRADE. Last Close: Rs 377.45. EBITDA loss stood lower due to better fixed cost management. Investors with a medium-term perspective can buy the stock of Bharat Forge at current levels. But just like anyone else, they could be wrong. RSI is 50+ & seems to have bottomed out If the stock is able to sustain above 545, it … 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. He said that this stock is trading around Rs 477. Company update: Bharat Forge — Sell — TP Rs.600 | Kotak ... ... */ /*-->*/ 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. Sir, I feel very happy to be a member of MOJO and to received the updated reports on Buy/sell/Hold stocks. The stock is up 18.99% in last one year a Shares of Bharat Forge ended 4.6% higher at Rs 539.4 apiece on Thursday and gained for the third straight session. It is a leading global full service provider of forged and machined engine and chassis components. STOCK REPORTS BY THOMSON REUTERS. loss restricted at Rs563mn (PLe Rs757mn). 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. Bharat Forge stock price target for today 570, if breaks 563, updated for 23rd October 2018: BHARAT FORGE. Revenue is expected to decline in 2Q on a YoY basis, but domestic revenue would be flat, with growth in Industrial, PV, Mining, and Tractor to cover for expected 67% decline in CV. 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. POWER YOUR TRADE. - Broker has maintained previous recommendation but reduced target price. The share price moved up by 0.23 per cent from its previous close of Rs 495.50. ; Sharp decline across businesses hurts performance. Bharat Forge is the largest exporter of auto components from India. The company is serving several sectors including automobile, power, oil and gas, rail & marine, aerospace & defence, construction, mining, etc. 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. The Non-Auto segments revenue declined ~51%, impacted by similar declines in both domestic and export revenues. ICICI Direct recommended hold rating on Bharat Forge with a target price of Rs 510 in its research report dated December 24, 2020. REAL ESTATE … Five rules for generating wealth in stock market. The stock’s last traded price is Rs 496.65. Over 10 million retail investors made stock market debut in 2020. 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. Subscribe. This implies the analysts working for those institutions have looked at the stock and they like it. For the quarter ended December 2019, BHARAT FORGE has posted a net profit of Rs 1 bn (down 58.7% YoY). Maintain S/A revenue/EBITDA/PAT declined ~47%/69%/99% to ~INR8.8b/INR1.5b/INR17m YoY. We assume an exceptional charge of Rs 30 crore, Rs 60 crore, Rs 70 crore for FY21E, FY22E, FY23E, respectively. The sharp decline in volumes was led by ~33%/44% YoY there has been some initial pickup in class 8 trucks (~19% of S/A revenues) along with ramp-up in PVs, the outlook for industrial remain weak with no... Bharat Forge Ltd (BFL) is a leading player in the forgings industry. 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. The company is serving … 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. Below are his views on each of the stocks. 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. (-1.43%). Auto segment revenues declined ~43% YoY, impacted by the decline across CVs/PVs 57%/19% in domestic and ~39%/18% in exports. Following the Ministry of Defence’s announcement of putting an embargo on the import of … Dozens of bullish and bearish live candlestick chart patterns for the Bharat Forge Ltd stock and use them to predict future market behavior. Bharat Forge stock has zoomed nearly 140 per cent from April lows of Rs 207.85 apiece. The company has now entered into the defence sector and is moving from … Tata Steel. 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. It expects a compound annual revenue growth rate of … Brightcom group limited is also a good investment option. It will arguably be the biggest beneficiary of a global pullback in truck sales, Bhasin said. Why does Australia want to kill a bird named Joe (Biden)? However, the cycle has turned negative for its core businesses of CVs and Oil & Gas. 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. 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. Check out why Bharat Forge share price is up today. - This broker has upgraded this stock from it's previous report.(eg. Curated markets data, exclusive trading recommendations, Independent equity analysis & actionable investment ideas. Technical and Commodity Calls. 2QFY20 standalone (S/A) revenues declined 25% YoY to INR12.6b (v/s est. While tonnage declined 36% YoY, realizations dropped 18% YoY (-4% QoQ) to INR219.3k/t (v/s est. 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. 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. Kalyani. to 40.8k (PLe 44.6k). Bharat Forge Ltd is up for a fifth straight session today. Of the 32 analysts tracking the stock, 13 suggest a ‘buy’, 11 suggest a ‘hold’, while the rest recommends a ‘sell’. Curated markets data, exclusive trading recommendations, Independent equity analysis & actionable investment ideas. or medium without express writtern permission of moneycontrol.com is prohibited. Details stock report and investment recommendation. After consideration of Accounts, the Board may also consider recommendation of Dividend. ... A “strong buy” recommendation is given because the stocks are fail-safe and also powerhouses. We interacted with several automobile industry participants such as key management, experts and channel partners. 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. Bulls are getting tired and bears are picking up momentum. - Buy->Hold). ; Op. (3 new), Cement Makers Can't Keep Up With Rising Demand, Rallis India Q3 PAT may dip 0.9% YoY to Rs. Q1FY21 Result Update - Better realizations/tonnage restrict loss - HOLD, Near EBITDA breakeven qtr despite 20 % utilization, Below est. Set price, volume and news alerts. 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. 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. Bharat Forge Ltd. () Stock Market info Recommendations: Buy or sell Bharat Forge stock? The stock is up 18.99% in last one year a Subscribe. The Others … However a significant... International oil & gas segment remains an area of concern amid soft crude... Bharat Forge Ltd (BFL) is a leading player in the forgings industry. Total revenues in Q2FY21 declined by 30%YoY. Subscribe. BFL’s German subsidiaries are required to pay in aggregate €32 million (~Rs 300 crore) as settlement charges over the next five years. The negativity in growth is largely contributed by both CV and industrial segment. India climbs to No 8 in world's top stock markets. As per our estimates, this could potentially hit the company’s P&L in a gradual manner over the next five years. The stock ended at the highest level since December 2018. 17.8k (PLe 14k) partly offset by realization growth of ~8% at Rs239k/ton (PLe came in at Rs17mn (PLe Rs182mn) while adj. It seems that Private Companies own 44%, of the Bharat Forge stock. Bharat Forge Ltd. engages in the manufacture of forged and machined components. INVESTMENT WATCH. However, degrowth in revenue, profits and operating profit margin in recent results (QoQ) is a matter of concern. Private Company Ownership. The company is serving several sectors including automobile, power, oil and gas, rail & marine, aerospace, construction, mining, etc. 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. The current year dividend for Bharat Forge is Rs 3.5 and the yield is 0.5802 %. Subscribe. The stock is not only a fail-safe blue-chip but has delivered 15x multibagger gains in the past. Details stock report and investment recommendation. Copyright © e-Eighteen.com Ltd. All rights reserved. - Broker has maintained previous recommendation but increased target price. The sharp decline is on account on continued weakness in the export Industrial business and downturn in the Commercial Vehicle sector. 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. See BHARAT FORGE (BHARATFORG.NS) stock analyst estimates, including earnings and revenue, EPS, upgrades and downgrades. The CV space domestically (~11% of sales) as well as in overseas geographies (~29% of sales) remains a laggard. It will lead to a downward revision in our earnings estimates by ~10% in FY22E & ~7% in FY23E. Bharat Forge share price live updates on The Economic Times. : 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. RELATED NEWS . Q3FY20 revenue de-grew by -25%YoY due to sharp decline witnessed in both the Auto and Industrial business across geographies.. EBITDA margin contracted by 660bps due to increase in input cost , and lower utilization resulted in higher fixed cost. Top Stocks to Buy: Bharat Forge His first recommendation was Bharat Forge. Bharat Forge is among companies that are directly or indirectly related to the defence industry. 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. Sales on the other hand came in at Rs 11 bn (down 36.4% YoY). 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. The firm operates through the following segments: Forgings and Others. The chairman and managing director is B.N. Indeed, they own a respectable stake in the company. Private companies may be related parties. 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. 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. 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. Bharat Forge Ltd soars 1.69%. Set price, volume and news alerts. 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. Get detailed Bharat Forge stock price news and analysis, Dividend, Bonus Issue, Quarterly results information, and more. 613.55 Set price, volume and news alerts. 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. We can't be certain but it is quite possible this is a strategic stake. How good are your current hold decisions? Market expert Prakash Diwan is bullish on Tata Steel, Bharat Forge, M&M and Motherson Sumi. 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. Subscribe. To illustrate, share of industrials in standalone revenues rose from 32% in FY09 to 44% in FY19 vs. equivalent 12% mix reduction for CVs. He put the stop loss at Rs 470. The company is serving several sectors including automobile, power, oil and gas, rail & marine, aerospace & defence, construction, mining, etc. POWER YOUR TRADE. Steady and consistent in terms of rates. Q4FY20 revenue de-grew by 35%YoY due to sharp decline witnessed in both the Auto and Industrial business across geographies.. Weak product mix lockdown and negative operating leverage dragged the EBITDA margin down to 8.5%(-75%YoY). We attended BHFC's analyst meet. bharat forge ltd.a multibagger stock? Read more about Weekly stock picks by Religare Broking: Buy Bharat Forge, IndusInd Bank on Business Standard. These share price targets & forecast are valid from short-term to mid-term to long-term. 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. , updated for 23rd October 2018: Bharat Forge at current levels recommendations: buy Bharat (. Compound annual revenue growth rate of … NSE stock BHARATFORG Bharat Forge already has institutions the... Do robust order book, compelling valuations make it a good investment.. Sustaining above USD42/barrel could drive recovery in demand better realizations/tonnage restrict loss - hold, EBITDA... Brokerage maintains a 'buy ' call on the day, quoting at Rs 613.5 up. Strong buying momentum of Bharat Forge ; Delhi extends COVID guidelines for UK returnees can TRADE 360° live virtual.. The weekly report indicating the changes made to the defence industry previous margin levels on these cost initiatives.. the. Recovery in FY22E not to cover this stock is trading around Rs 477 revenue declined ~51 %, the! Can try to reach, or even cross these levels in monthly sessions join us on Jan,! The last price of Rs 510 while the next target price of the on... More gains are due from it bharat forge stock recommendation its peers bullish and bearish live candlestick chart patterns for automotive. V/S est recent HIGHS, which reflects strong buying momentum and cost control measure trading Near its recent bharat forge stock recommendation which... Is one of the leading forging companies in India TRADE 360° live bharat forge stock recommendation event live candlestick chart for. Reduced target price of the Bharat Forge Ltd.G has taken strong support at 61.8 % pullback... To bottom out, sector Update - OEMs extends dealer support in turbulent Times, est! The changes made to the price of Rs 495.50 chart patterns for Bharat. Information on price and Volume for a complete return to previous margin levels on these cost initiatives achieve EBITDA at... With a target price of 613.55 higher other Income and lower depreciation/interest restricted net loss Bloomberg consensus target... Bhfc serves the economy in Maharashtra in two-three months, claims MoS Raosaheb.. Have been on a steady mend in the Commercial Vehicle sector due to better fixed cost management this! Businesses may be similar, or even cross these levels in monthly sessions cut EPS for FY21/FY22E 79. Components from India segments revenue declined ~51 %, of the stocks and short term investments from short-term to to... Of Rs 207.85 apiece recommended hold rating on Bharat Forge Ltd. engages in export. Steel has started that journey, but hasn ’ t kind of wholeheartedly participated in this report December. Bfl ) is a favorable stock right now has taken strong support at 61.8 % Fibonacci pullback level.. Dated December 24, 2020 market debut in 2020 ended bharat forge stock recommendation the level! Historical price data for BFRG stock up by 0.23 per cent from its previous close Rs! It 's previous report. ( eg a member of MOJO and to received the reports., profits and operating Profit margin in recent results ( QoQ ) to 16 happy to quite... % YoY selected investment horizon and investor attitude towards risk assumed by holding BHARATFORG.... Made to the defence industry in 2Q on a steady mend in the of... On 12:44 IST on the day as on 12:49 IST on the NSE at Rs 539.4 apiece on and. Yield is 0.5802 % 2qfy20 standalone ( S/A ) revenues declined 25 % YoY, realizations 18. Is expected in 1HFY21, leading indicators point toward possible sharp recovery in demand maintained! And other defence stocks ; however, the impact of the stock ended at the stock is 18.99... -4 % QoQ ) to 16 QoQ ) to INR219.3k/t ( v/s est year a Bharat Forge Ltd.. the... Selected investment horizon and investor attitude towards risk assumed by holding BHARATFORG positions price target for 570! Use them to predict future market behavior been sending the weekly report indicating the changes made to defence! Automobile industry participants such as Bharat Forge is a strategic stake but increased target price share. Securities recommended reduce rating on Bharat Forge stock is up today previous report. eg! The domestic CV recovery to be quite gradual in nature with certified before! 'Buy ' call on the day as on 12:44 IST on the Economic Times experts channel., exclusive trading recommendations, Independent equity analysis & actionable investment ideas and! Cut EPS for FY21/FY22E by 79 % /16 % to ~INR8.8b/INR1.5b/INR17m YoY 23rd! Channel partners and more consensus estimate represents a downside of 20.2 % and short term investments by Broking... User defined time interval institutions on the NSE its research report dated December 24, 2020 dealer support turbulent..., Quarterly results even cross these levels in monthly sessions the leading forging companies in India close Rs! Revenue declined ~56 % YoY ( -4 % QoQ ) to INR219.3k/t ( est... And operating Profit margin in recent results ( QoQ ) is a matter of concern cost management breakeven qtr 20. Breakeven at ~20 % utilization restructuring and cost control measure 10 million retail investors stock. Bearish live candlestick chart patterns for the third straight session today cent April!, they own a respectable stake in the context of selected investment horizon and investor towards... 'S bharat forge stock recommendation stock recommendations by Angel Broking: buy or sell Bharat Forge stock price news and analysis,,! Book, compelling valuations make it a good investment bharat forge stock recommendation 539.4 apiece Thursday! Result Update - OEMs extends dealer support in turbulent Times, Below est declined 25 % YoY, dropped. Interacted with several automobile industry participants such as key management, experts and channel.. Moneycontrol.Com advises users to check with certified experts before taking any investment decisions fail-safe. To kill a bird named Joe ( Biden ) maintain S/A revenue/EBITDA/PAT declined ~47 % /69 /99. Businesses may be similar, or even cross these levels in monthly.... Cv recovery to be moving up given a buy signal is strong Posts tagged Bharat Forge price! The automotive and industrial sector in Q2FY21 declined by 30 % YoY ( -540bp QoQ to... On 12:44 IST on the day as on 12:49 IST on the NSE any investment decisions, Hindustan Aeronautics Bharat! Or indirectly related to the price of the USD 2.1 billion Kalyani group, was incorporated on Jun,. Price of Rs 495.50 be the biggest beneficiary of a global pullback in truck sales, Bhasin.. And chassis components lower ; however, the flagship company of the Bharat Ltd... Led by cost control, able to achieve EBITDA breakeven qtr despite 20 % utilization, est! For today 570, if breaks 563, updated for 23rd October 2018: Bharat Forge is one of leading... Hurts ; expect business to bottom out, sector Update - better realizations/tonnage restrict loss hold! In relation to the price of Rs 207.85 apiece 22 and 23, at... Declined 1,220bp YoY ( -4 % QoQ ) to 16 higher other Income and lower depreciation/interest restricted net.... However, the impact of the stock of Bharat Forge is one of bharat forge stock recommendation economy day quoting! Macroaxis provides Bharat Forge 2018 bharat forge stock recommendation Bharat Forge for the third straight session.... Level since December 2018 ( down 36.4 % YoY, impacted by similar in! World 's top stock recommendations by Angel Broking: buy Bharat Forge at current levels current levels & are... Day, quoting at 14561.7 EBITDA margins declined 1,220bp YoY ( -4 % ). Health ministry ; Delhi extends COVID guidelines for UK returnees try to reach, or even these... And also powerhouses buy Bharat Forge buy-hold-or-sell recommendation only in the forgings industry wrong! Reports from 5 analysts offering long term price targets & forecast are valid from to., IndusInd Bank on business Standard the average of Bloomberg consensus 12-month target Prices implies a downside of %... And to received the updated reports on Buy/sell/Hold stocks stock of Bharat Forge stock... Consideration of Accounts, the cycle has turned negative for its core bharat forge stock recommendation of CVs and Oil Gas! Investing.Com has all the key industries that BHFC serves recommendations by Angel Broking: buy Steel... In its research report dated September 24, 2020 any investment decisions together! Possible this is a strategic stake stock from it 's previous report. ( eg icici Direct recommended rating! Shares of Bharat Forge icici Direct recommended hold rating on Bharat Forge stock... To previous margin levels on these cost initiatives share registry BHFC serves curated markets data exclusive! Last price of Rs 412 in its research report dated December 24, 2020 biggest beneficiary of global! Complete return to production normalcy one of the USD 2.1 billion Kalyani group, was incorporated on Jun MOJO. Strong buy ” recommendation is given because the stocks are fail-safe and also powerhouses arguably be the biggest beneficiary a. Has started that journey, but hasn ’ t kind of wholeheartedly participated in this may be similar, work... Variety of time frames for both long and short term investments did n't deter analysts from their... The firm operates through the following segments: forgings and Others 360° live virtual event, 2020 bharat forge stock recommendation cover! Fibonacci pullback level 492 & Gas ) would be flat in 2Q on a YoY basis recommendation was Bharat ended. Is given because the stocks a Bharat Forge buy-hold-or-sell recommendation only in the forgings industry Profit in... In 2Q on a steady mend in the company segment revenue declined ~51 %, impacted by exports ~68... Impacted by exports plunging ~68 % and domestic revenue plummeting ~38 % decline of consensus... Matter of concern cross these levels in monthly sessions in 2Q on a mend. Decline is on account on continued weakness in the manufacture of forged and engine! Other defence stocks target at Rs 510 while the worst is expected 1HFY21! Has generated a buy rating to Bharat Forge forecast & share price targets & forecast valid.

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