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2025-10-15 06:10:53 pm | Source: Motilal Oswal Financial Services Ltd
Buy Happy Forgings Ltd for the Target Rs. 1147 by Motilal Oswal Financial Services Ltd
Buy Happy Forgings  Ltd for the Target Rs. 1147 by Motilal Oswal Financial Services Ltd

* Key segments in domestic market (CVs and tractors) have picked up in 2Q. Expect revenue growth of 7% QoQ/5% YoY.

* No material impact of US tariffs as its US exposure is below 3% of revenue, including indirect exports.

* EBITDA margins to marginally improve QoQ to 28.8%.

* We expect 8% YoY earnings growth in 2Q.

 

 

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