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Bharat Forge climbs as its arm`s JV bags order worth Rs 287.51 crore Bharat Forge is currently trading at Rs. 1048.80, up by 26.95 points or 2.64% from its previous closing of Rs. 1021.85 on the BSE. The scrip opened at Rs. 1022.05 and has touched a high and low of Rs. 1056.00 and Rs. 1022.05 respectively. So far 32103 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1056.00 on 28-Aug-2023 and a 52 week low of Rs. 677.85 on 29-Sep-2022. Last one week high and low of the scrip stoo...
Bharat Forge climbs as its arm`s JV bags order worth Rs 287.51 crore
Bharat Forge climbs as its arm`s JV bags order worth Rs 287.51 crore
Source: Accord Fintech
28/08/2023 3:36:22 PM
Bharat Forge moves up as its arm bags two export orders worth around Rs 850 crore Bharat Forge is currently trading at Rs. 983.50, up by 14.00 points or 1.44% from its previous closing of Rs. 969.50 on the BSE. The scrip opened at Rs. 978.85 and has touched a high and low of Rs. 987.35 and Rs. 967.80 respectively. So far 35787 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 989.85 on 21-Aug-2023 and a 52 week low of Rs. 677.85 on 29-Sep-2022. Last one week high and low of the scrip stood at R...
Bharat Forge moves up as its arm bags two export orders worth around Rs 850 crore
Bharat Forge moves up as its arm bags two export orders worth around Rs 850 crore
Source: Accord Fintech
21/08/2023 12:28:08 PM
Buy Bharat Forge Limited For Target Rs. 1,025 - JM Financial Institutional Securities Robust performance; Improvement in international profitability on track In 1QFY24, Bharat Forge (BHFC) reported standalone EBITDAM of 25.8% (+110bps YoY, +140bps QoQ), 60bps above JMFe. Avg. realisation improved +2% QoQ (+3% YoY). Consol. EBITDA margin improved 330bps QoQ to 15.4% (+40bps YoY) led by improving profitability at international subsidiaries. Management highlighted that Class 8 demand remains steady in NA & EU. Order book remains healthy for BHFC across verticals. The compa...
Buy Bharat Forge Limited For Target Rs. 1,025 - JM Financial Institutional Securities
Buy Bharat Forge Limited For Target Rs. 1,025 - JM Financial Institutional Securities
Source: JM Financial Institutional Securities
17/08/2023 2:23:25 PM
Reduce Bharat Forge Ltd For Target Rs. 899 - ICICI Securities All-round earnings beat; valuations already capturing robust outlook Bharat Forge’s (BHFC) Q1FY24 standalone EBITDA margin was resilient at 26%, though EU operations turned EBITDA positive to 4.4% as against being in loss last quarter. Standalone revenue beat expectations despite this being a weak quarter for domestic CVs, with industrial exports driven by defence business execution driving revenue up QoQ as against CV segment exports remaining flattish QoQ. We are building in 14% vo...
Reduce Bharat Forge Ltd For Target Rs. 899 - ICICI Securities
Reduce Bharat Forge Ltd For Target Rs. 899 - ICICI Securities
Source: ICICI Securities
14/08/2023 2:34:38 PM
Buy Bharat Forge Ltd For Target Rs. 1,156- Yes Securities Defence ramp-up to be healthy in rest of FY24E Valuation and View – Overall outlook steady to positive Bharat Forge (BHFC) 1QFY24 results were ahead of our/street estimates by 8-12% on EBITDA. This was led by better than expected volumes which came in at 67.7k tons (+5% QoQ, 18 quarter high). The positive highlight of the quarters was, 1) improvement in overseas subs results as Europe posted EBITDA of Rs507m in 1QFY24 (margins of 4.4%) vs loss of Rs141m in 4QFY23. While the US ope...
Buy Bharat Forge Ltd For Target Rs. 1,156- Yes Securities
Buy Bharat Forge Ltd For Target Rs. 1,156- Yes Securities
Source: Yes Securities Ltd
13/08/2023 3:31:23 PM
Bharat Forge rides high on getting nod to further invest in Kalyani Powertrain Bharat Forge is currently trading at Rs. 949.65, up by 44.70 points or 4.94% from its previous closing of Rs. 904.95 on the BSE. The scrip opened at Rs. 904.90 and has touched a high and low of Rs. 951.05 and Rs. 887.55 respectively. So far 96776 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 951.05 on 09-Aug-2023 and a 52 week low of Rs. 677.85 on 29-Sep-2022. Last one week high and low of the scrip stood at R...
Bharat Forge rides high on getting nod to further invest in Kalyani Powertrain
Bharat Forge rides high on getting nod to further invest in Kalyani Powertrain
Source: Accord Fintech
9/08/2023 3:11:54 PM
Stock of the day : Buy Bharat Forge Ltd For Target Rs. 910 - Religare Broking Ltd Bharat Forge Ltd * Bharat Frog has been inching gradually higher after breakout from a Double bottom price pattern. * Formed a fresh buying pivot while holding above the support zone of short term moving average and rising trendline support. * Set to cross the previous swing high and inch higher. Uptick in volumes is adding to confirmation. * We thus recommend creating fresh longs in the mentioned zone.   Buy Bharatforge Ltd CMP 868.00; Range 865-868; SL 848; T...
Stock of the day : Buy Bharat Forge Ltd For Target Rs. 910 - Religare Broking Ltd
Stock of the day : Buy Bharat Forge Ltd For Target Rs. 910 - Religare Broking Ltd
Source: Religare Broking
26/07/2023 10:55:22 AM
Stock of the day : Buy Bharat forge Ltd For Target Rs. 880 - Religare Broking Bharat forge Ltd * Bharatforge has been consolidating in a range, after the marginal dip from its record high. * It retested the support zone around 750 levels twice and then inched higher to reclaim the major moving averages. * Formed a fresh buying pivot, after two weeks of range bound move. * We thus advise creating fresh longs in the mentioned zone. Buy Bharatforge Ltd CMP 836.80; Range 833-838; SL 815; Target 880   To Read Complete Report & Disclaim...
Stock of the day : Buy Bharat forge Ltd For Target Rs. 880 - Religare Broking
Stock of the day : Buy Bharat forge Ltd For Target Rs. 880 - Religare Broking
Source: Religare Broking Ltd
3/07/2023 11:07:24 AM
Stock of the day : Buy Bharatforge Ltd For Target Rs. 855 - Religare Broking Bharatforge Ltd * Bharatforge has been trading in a steady uptrend since November 2020. * It has retraced marginally from its record high. Indicates time wise correction. * Formed a base around 750 levels. Set to surpass the hurdle of previous swing high at 809 now. * We thus recommend creating fresh longs in the mentioned range. Buy Bharatforge Ltd CMP 798.35; Range 795-800; SL 770; Target 855   To Read Complete Report & Disclaimer Click Here &n...
Stock of the day : Buy Bharatforge Ltd For Target Rs. 855 - Religare Broking
Stock of the day : Buy Bharatforge Ltd For Target Rs. 855 - Religare Broking
Source: Religare Broking Ltd
6/06/2023 11:00:03 AM
Buy Bharat Forge Ltd For Target Rs. 980- ICICI Direct About the stock: Bharat Forge (BFL) is India’s leading auto component player with strong engineering, technological competencies in forging and metallurgy. With total capacity of 6.83 lakh MT per annum, its products find application in domestic, exports markets across PV, CV, oil & gas, construction & mining, power, defence, etc.       • FY23 standalone segment mix – ~34% CV, ~43% Industrial, ~12% PV       • FY23 standalone exp...
Buy Bharat Forge Ltd For Target Rs. 980- ICICI Direct
Buy Bharat Forge Ltd For Target Rs. 980- ICICI Direct
Source: ICICI Direct
10/05/2023 3:39:42 PM
Hold Bharat Forge Ltd For Target Rs. 850 - Emkay Global Financial Services BHFC’s Q4FY23 results were in line with estimates (revenue/adjusted PAT up 19%/21% YoY). Margin was slightly above our estimates at 26.2% (+90bps QoQ), driven chiefly by gross margin expansion of ~90bps. We note the demand momentum for the CV portfolio (41% of standalone sales) is moderating with potential downside risks (new Class-8 truck orders on a declining trend), even though production levels/order backlogs are sustaining currently. Considering the lukewarm CV outlook and general ...
Hold Bharat Forge Ltd For Target Rs. 850 - Emkay Global Financial Services
Hold Bharat Forge Ltd For Target Rs. 850 - Emkay Global Financial Services
Source: Emkay Global Financial Services
10/05/2023 11:07:32 AM
Buy Bharat Forge Ltd For Target Rs. 941- Yes Securities Valuation and View – Defense business to see ramp-up finally Bharat Forge (BHFC) 4QFY23 results were in-line across parameters with miss on EBITDA margins by ~60bp to our estimates at 26.2%. Lower utilization in overseas business (Aluminum forgings) in Germany and North America continues to impact consol performance as it reported EBITDA loss of Rs489m (v/s loss of Rs626m in 3QFY23). BHFC has reported ~3% QoQ/ 12.3% YoY growth in tonnage at ~64.6k tons, which were at 17 quarter high...
Buy Bharat Forge Ltd For Target Rs. 941- Yes Securities
Buy Bharat Forge Ltd For Target Rs. 941- Yes Securities
Source: Yes Securities
9/05/2023 2:01:31 PM
Buy Bharat Forge Ltd For Target Rs. 1,028- Yes Securities Valuation and View Bharat Forge (BHFC) 3QFY23 results were in?line at revenues/Adj.PAT while EBITDA exceeded our estimates by 10.7% at Rs5.4b (est Rs4.8b, +32.7%/18% YoY/QoQ). Lower utilization in overseas business (Aluminum forgings) in Germany and North America led to EBITDA loss of Rs620m (v/s loss of Rs341m in 2QFY23). BHFC has reported ~2.6% QoQ/17.6% YoY growth in tonnage at ~62.75k tons, which were at 16 quarter high indicating strong momentum across business verticals. Key positive...
Buy Bharat Forge Ltd For Target Rs. 1,028- Yes Securities
Buy Bharat Forge Ltd For Target Rs. 1,028- Yes Securities
Source: Yes Securities
23/03/2023 2:41:50 PM
Ramkrishna Forgings-Titagarh Wagons L1 to make 1.54 mn wheels The consortium of Ramkrishna Forgings Ltd and Titagarh Wagons Ltd has emerged the lowest bidder quoting Rs 12,226.50 crore for making about 1.54 million forged wheels for the Indian Railways for different trains, including Vande Bharat. The two company consortium would be required to set up a wheel test centre at a railway site for prototype testing of newly-designed wheels. "The consortium will set up a state-of-the-art manufacturing facility in India for forged wheel production a...
Ramkrishna Forgings-Titagarh Wagons L1 to make 1.54 mn wheels
Ramkrishna Forgings-Titagarh Wagons L1 to make 1.54 mn wheels
Source: IANS
16/03/2023 11:23:57 AM
Bharat Forge rises on inaugurating first E-bike manufacturing facility through E -Mobility subsidiary Bharat Forge is currently trading at Rs. 837.50, up by 3.65 points or 0.44% from its previous closing of Rs. 833.85 on the BSE. The scrip opened at Rs. 841.95 and has touched a high and low of Rs. 844.95 and Rs. 835.00 respectively. So far 10360 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 919.50 on 15-Dec-2022 and a 52 week low of Rs. 597.50 on 12-May-2022. Last one week high and low of the scrip stood at Rs...
Bharat Forge rises on inaugurating first E-bike manufacturing facility through E -Mobility subsidiary
Bharat Forge rises on inaugurating first E-bike manufacturing facility through E -Mobility subsidiary
Source: Accord Fintech
9/03/2023 10:05:32 AM
Bharat Forge trades marginally higher as its arm inks pact to acquire 51% stake in Ferrovia Bharat Forge is currently trading at Rs. 825.90, up by 1.80 points or 0.22% from its previous closing of Rs. 824.10 on the BSE. The scrip opened at Rs. 831.90 and has touched a high and low of Rs. 834.00 and Rs. 821.45 respectively. So far 12371 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 919.50 on 15-Dec-2022 and a 52 week low of Rs. 595.85 on 08-Mar-2022. Last one week high and low of the scrip stood at Rs...
Bharat Forge trades marginally higher as its arm inks pact to acquire 51% stake in Ferrovia
Bharat Forge trades marginally higher as its arm inks pact to acquire 51% stake in Ferrovia
Source: Accord Fintech
2/03/2023 10:20:18 AM
Buy Bharat Forge Limited For Target Rs. 960 - JM Financial Institutional Securities New orders to aid growth; Profitability at overseas subsidiaries remains key In 3QFY23, Bharat Forge (BHFC) reported standalone EBITDAM of 27.4% (+200bps YoY, +310bps QoQ), 250bps ahead of JMFe. Avg. realisation increased 4%YoY (+2% QoQ). Consol. EBITDA margin remained flat QoQ at 14% (-700bps YoY) owing to continued profitability pressure at international subsidiaries. Domestic revenue declined 1% QoQ owing to lower PV production partially offset by healthy growth in MHCV production. Expo...
Buy Bharat Forge Limited For Target Rs. 960 - JM Financial Institutional Securities
Buy Bharat Forge Limited For Target Rs. 960 - JM Financial Institutional Securities
Source: JM Financial Institutional Securities
23/02/2023 1:53:33 PM
Bharat Forge inches up as its arm signs MoU with Rolls-Royce Marine North America Bharat Forge is currently trading at Rs. 863.05, up by 0.90 points or 0.10% from its previous closing of Rs. 862.15 on the BSE. The scrip opened at Rs. 869.95 and has touched a high and low of Rs. 874.20 and Rs. 861.50 respectively. So far 16838 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 919.50 on 15-Dec-2022 and a 52 week low of Rs. 595.85 on 08-Mar-2022. Last one week high and low of the scrip stood at Rs...
Bharat Forge inches up as its arm signs MoU with Rolls-Royce Marine North America
Bharat Forge inches up as its arm signs MoU with Rolls-Royce Marine North America
Source: Accord Fintech
20/02/2023 12:23:40 PM
Bharat Forge surges on signing MoU with Paramount Group Bharat Forge is currently trading at Rs. 851.60, up by 16.30 points or 1.95% from its previous closing of Rs. 835.30 on the BSE. The scrip opened at Rs. 835.35 and has touched a high and low of Rs. 858.20 and Rs. 835.30 respectively. So far 20614 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 919.50 on 15-Dec-2022 and a 52 week low of Rs. 595.85 on 08-Mar-2022. Last one week high and low of the scrip stood at R...
Bharat Forge surges on signing MoU with Paramount Group
Bharat Forge surges on signing MoU with Paramount Group
Source: Accord Fintech
16/02/2023 3:07:25 PM
Aero India 2023: BFL signs MoU with Paramount group Bharat Forge Ltd (BFL) and global aerospace and technology company, Paramount Group have signed a Memorandum of Understanding (MoU) for the development and production of Composite Rotor Blades, Mission Systems and Stores Management systems for Medium Lift Helicopters at Aero India, an official release stated on Thursday. Mr Guru Biswal, CEO-Aerospace Division, Bharat Forge said, "This MoU with M/S Paramount is a testimony of our commitment to work for an "Atmanirbhar Bharat"...
Aero India 2023: BFL signs MoU with Paramount group
Aero India 2023: BFL signs MoU with Paramount group
Source: IANS
16/02/2023 2:12:18 PM
Hold Bharat Forge Ltd For Target Rs. 894 - ICICI Securities India continues to cushion weak EU performance Bharat Forge’s (BHFC) Q3FY23 standalone EBITDA margin at 25.3% was in line with our estimate, and up 100bps QoQ. Revenue growth (5% QoQ) was led by 3% tonnage growth QoQ, supported by ~2% rise in blended realisation. Export revenue grew ~10% QoQ with PVs and industrials driving growth as against domestic revenue being flat QoQ across all key sub segments of PVs/CVs/non-auto. Overseas subsidiaries’ performance only worsened further ...
Hold Bharat Forge Ltd For Target Rs. 894 - ICICI Securities
Hold Bharat Forge Ltd For Target Rs. 894 - ICICI Securities
Source: ICICI Securities Ltd
16/02/2023 2:06:26 PM
Key Stock Ideas: Adani Enterprises, Eicher Motors, Bharat Forge, Grasim - ARETE Securities Adani Enterprises Q3 results: Net consolidated profit at Rs 820 crore: The consolidated profit of Adani Enterprises in the quarter ending December (Q3FY23) was Rs 820 crore improving from a loss of Rs 11.63 crore a year ago. Revenue from operations for the flagship firm of the Adani Group increased 42 per cent to Rs 26,612.23 crore. The net standalone profit in Q3FY23 was Rs 269.71 crore as compared to a loss of Rs 36.46 crore in Q3FY22. It was, however, lower than the net profit of Rs 46...
Key Stock Ideas: Adani Enterprises, Eicher Motors, Bharat Forge, Grasim - ARETE Securities
Key Stock Ideas: Adani Enterprises, Eicher Motors, Bharat Forge, Grasim - ARETE Securities
Source: ARETE Securities Ltd
15/02/2023 9:29:06 AM
Manufacturing cutting-edge products need of the hour: Defence Minister Rajnath Singh at Aero India 2023 Defence Minister Rajnath Singh on Monday urged Indian and global industry leaders to support the governments push for design, development and manufacture of cutting-edge products using critical technologies in the country to attain complete Aatmanirbharta in the field of defence. "The overall objective is to achieve shared global peace and prosperity," he said while addressing a gathering of over 70 CEOs from local and global original equipment manufacturers (OEMs) during a Round...
Manufacturing cutting-edge products need of the hour: Defence Minister Rajnath Singh at Aero India 2023
Manufacturing cutting-edge products need of the hour: Defence Minister Rajnath Singh at Aero India 2023
Source: IANS
14/02/2023 11:09:27 AM
Aero India 2023: Rajnath to chair aerospace, defence industries CEOs round table  The Defence Ministry will organise a 'CEOs Round Table' on February 13, the inaugural day of Aero India 2023, under the chairmanship of Defence Minister Rajnath Singh, an official statement said on Wednesday. The platform, with theme "Sky is not the limit: Opportunities beyond boundaries", is expected to lay the foundation of a more robust interaction between the industry partners and government with an eye on bolstering the Make in India campaign, a Ministry statem...
Aero India 2023: Rajnath to chair aerospace, defence industries CEOs round table
Aero India 2023: Rajnath to chair aerospace, defence industries CEOs round table
Source: IANS
9/02/2023 10:31:00 AM
Stock Picks : Bharat Forge Ltd And Sun TV Network Ltd By ICICI Direct Bharat Forge Ltd Buy Bharat Forge Ltd @ 882-884 CMP 883.00 Stop Loss 876.70 Target 895.60   Sun TV Network Ltd Buy Sun TV Network Ltd @ 475-476 CMP 473.65 Stop Loss 468.60 Target 479.30   To Read Complete Report & Disclaimer Click Here   Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registration number INZ000183631   ...
Stock Picks : Bharat Forge Ltd And Sun TV Network Ltd By ICICI Direct
Stock Picks : Bharat Forge Ltd And Sun TV Network Ltd By ICICI Direct
Source: ICICI Direct
11/01/2023 11:18:15 AM
Bharat Forge surges after its arm enters into business transfer agreement to acquire ISML’s SEZ Unit Bharat Forge is currently trading at Rs. 887.05, up by 7.50 points or 0.85% from its previous closing of Rs. 879.55 on the BSE. The scrip opened at Rs. 884.95 and has touched a high and low of Rs. 891.95 and Rs. 878.90 respectively. So far 20385 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 919.50 on 15-Dec-2022 and a 52 week low of Rs. 595.85 on 08-Mar-2022. Last one week high and low of the scrip stood at Rs...
Bharat Forge surges after its arm enters into business transfer agreement to acquire ISML’s SEZ Unit
Bharat Forge surges after its arm enters into business transfer agreement to acquire ISML’s SEZ Unit
Source: Accord Fintech
2/01/2023 3:52:39 PM
Hold Bharat Forge Ltd For Target Rs.820 - Emkay Global Financial Services Healthy medium-term growth prospects, though near-term concerns remain * We attended the BHFC Analyst Meet, where Management re-iterated healthy mediumterm revenue prospects, supported by growth in the defense, aerospace, e-mobility and aluminium segments. * In FY24, Management expects revenue growth to be strong in the domestic market, while a muted performance is expected in the overseas markets, especially for North-America Class8 trucks, European HCVs and construction equipment. ...
Hold Bharat Forge Ltd For Target Rs.820 - Emkay Global Financial Services
Hold Bharat Forge Ltd For Target Rs.820 - Emkay Global Financial Services
Source: Emkay Global Financial Services Ltd
13/12/2022 11:36:16 AM
Buy Bharat Forge Ltd For Target Rs.974 - Yes Securities Outlook overall is stable to positive    Valuation and View Bharat Forge (BHFC) 2QFY23 results were weak as EBITDA/Adj. PAT miss our estimates by ~10%/~12% respectively. Cost headwinds in overseas business as well as RM (gross margins contracted 310bp QoQ at 55.6%) reflected in P&L as despite ~6% revenue growth QoQ, EBITDA declined ~1.6% to Rs4.5b (est Rs5b) with margins at 24.3% (est 26.6%). Adj. for late delivery fee of Rs130m for defense business (one? off), margin...
Buy Bharat Forge Ltd For Target Rs.974 - Yes Securities
Buy Bharat Forge Ltd For Target Rs.974 - Yes Securities
Source: Yes Securities Ltd
8/12/2022 1:54:15 PM
Buy Bharat Forge Ltd For Target Rs.820 - Emkay Global Financial Q2 EBITDA slightly above estimates; Global CV outlook remains muted Bharat Forge’s Q2FY23 revenue grew by 16% YoY (3-yr CAGR at 14%) to Rs18.6bn, 11% above our estimates, owing to inventory build-up with CV customers, execution of new orders in global PVs, and higher defense revenue. EBITDA declined by 1% (3- yr CAGR at 15%) to Rs4.5bn, 3% above our estimate, led by higher revenue. Our earnings estimates for FY23-25E are broadly unchanged, despite the increase in revenue assumptions ...
Buy Bharat Forge Ltd For Target Rs.820 - Emkay Global Financial
Buy Bharat Forge Ltd For Target Rs.820 - Emkay Global Financial
Source: Emkay Global Financial Services Ltd
18/11/2022 2:21:38 PM
Bharat Forge trades in green on the bourses Bharat Forge is currently trading at Rs. 881.35, up by 2.75 points or 0.31% from its previous closing of Rs. 878.60 on the BSE. The scrip opened at Rs. 883.25 and has touched a high and low of Rs. 886.55 and Rs. 870.00 respectively. So far 15378 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 890.00 on 09-Nov-2022 and a 52 week low of Rs. 595.85 on 08-Mar-2022. Last one week high and low of the scrip stood at Rs...
Bharat Forge trades in green on the bourses
Bharat Forge trades in green on the bourses
Source: Accord Fintech
10/11/2022 12:06:36 PM
Bharat Forge surges after its arm secures order for supply of Artillery Guns Bharat Forge is currently trading at Rs. 884.00, up by 8.40 points or 0.96% from its previous closing of Rs. 875.60 on the BSE. The scrip opened at Rs. 878.65 and has touched a high and low of Rs. 890.00 and Rs. 872.60 respectively. So far 60636 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 890.00 on 09-Nov-2022 and a 52 week low of Rs. 595.85 on 08-Mar-2022. Last one week high and low of the scrip stood at Rs...
Bharat Forge surges after its arm secures order for supply of Artillery Guns
Bharat Forge surges after its arm secures order for supply of Artillery Guns
Source: Accord Fintech
9/11/2022 2:05:04 PM
Buy Bharat Forge Ltd For Target Rs. 950 - Religare Broking * Bharat Forge experienced extreme volatility for four years as it slipped from its record high of 766 in March 2018 to a low of 203.59 in April 2020. However, the recovery was equally sharp and it made a new record high at 830.87 in August 2021. * After the phenomenal surge, it has been consolidating in a range for over a year now and currently trading around the upper band of the same i.e. around 830 levels. * The recent price action combined with overall buoyancy in the market is poi...
Buy Bharat Forge Ltd For Target Rs. 950 - Religare Broking
Buy Bharat Forge Ltd For Target Rs. 950 - Religare Broking
Source: Religare Broking Ltd
27/10/2022 1:47:45 PM
Bharat Forge surges on inking pact with General Atomics Bharat Forge is currently trading at Rs. 789.40, up by 8.35 points or 1.07% from its previous closing of Rs. 781.05 on the BSE. The scrip opened at Rs. 781.70 and has touched a high and low of Rs. 789.80 and Rs. 771.30 respectively. So far 8161 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 848.00 on 10-Nov-2021 and a 52 week low of Rs. 595.85 on 08-Mar-2022. Last one week high and low of the scrip stood at Rs....
Bharat Forge surges on inking pact with General Atomics
Bharat Forge surges on inking pact with General Atomics
Source: Accord Fintech
20/10/2022 10:48:37 AM
Buy Bharat Forge Ltd For Target Rs. 855 - ICICI Securities Strong execution despite adversity Bharat Forge (BHFC) has reported its Q1FY23 standalone earnings at Rs2.65bn (ISec: Rs2.4bn) with the beat mainly led by better than expected tonnage sales at 79kMT (up 1% QoQ). Adj. EBITDA margin was largely in line with our estimate at 26.2% (up 40bps QoQ). Revenue growth (5% QoQ) was supported by ~12% export growth, which is expected to remain strong across FY23 led by steady demand in US/EU truck segment. Strong orderbook for aerospace and improving ou...
Buy Bharat Forge Ltd For Target Rs. 855 - ICICI Securities
Buy Bharat Forge Ltd For Target Rs. 855 - ICICI Securities
Source: ICICI Securities Ltd
26/09/2022 4:44:51 PM
Stock Picks - Tata Power Ltd and Bharat Forge Ltd By ICICI Direct Tata Power Ltd Buy Tata Power Ltd@244.20-245.00 CMP 245.40Stop Loss242.20 Target 246.90/249.30 Bharat Forge Ltd Buy Bharat Forge Ltd@782.00-784.00 CMP 784.75Stop Loss776.40 Target 1057.00/1068.00   To Read Complete Report & Disclaimer Click Here   Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registration number INZ000183631   Above views are ...
Stock Picks - Tata Power Ltd and Bharat Forge Ltd By ICICI Direct
Stock Picks - Tata Power Ltd and Bharat Forge Ltd By ICICI Direct
Source: ICICI direct
16/09/2022 11:40:58 AM
Hold Bharat Forge Ltd For Target Rs.785 - Emkay Global Financial Services Ltd Moderation in underlying industry growth outlook for CY23 * The demand outlook for CY22 provided by 23 global entities, including CV/PV OEMs, non-auto companies and industry associations, indicates tapering growth for forging companies. Weakening of the European and US economies does not bode too well for the HCV segment, which contributes over 25% to BHFC’s revenue. * Constrained by flat GDP growth expectation, high finance cost and increasing operating costs, there is steep dete...
Hold Bharat Forge Ltd For Target Rs.785 - Emkay Global Financial Services Ltd
Hold Bharat Forge Ltd For Target Rs.785 - Emkay Global Financial Services Ltd
Source: Emkay Global Financial Services Ltd
5/09/2022 10:44:12 AM
Buy Bharat Forge Ltd For Target Rs.870 - Motilal Oswal Financial Services Strong beat led by the Auto business Exports may see some stress in the near future; domestic recovery on track * BHFC’s 1QFY23 earnings were a beat on all fronts, led by strong traction in the Auto business and benign RM costs aiding margin. While its core business is seeing a sharp cyclical recovery, the management’s initiatives to diversify into aluminum, light-weighting, and EV components have started to fructify. FY23 will see the first full-year contribution from its r...
Buy Bharat Forge Ltd For Target Rs.870 - Motilal Oswal Financial Services
Buy Bharat Forge Ltd For Target Rs.870 - Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
13/08/2022 10:54:21 AM
Buy Bharat Forge Ltd For Target Rs.865- Yes Securities Valuation and View Bharat Forge (BHFC) 1QFY23 results were better as revenue/EBITDA/Adj. PAT beat our estimates by ~3%/12%/10% respectively. Despite cost headwinds in overseas business, EBITDA grew ~7% QoQ to Rs4.6b with margins beating our estimates at 26.1% (+40bp QoQ/?240bp YoY, est 24%) is key positive. The company has reported ~1% QoQ/8% YoY growth in tonnage at ~57.9k amidst tough times in Europe and other geographies. The management has hinted towards sustenance of healthy demand mo...
Buy Bharat Forge Ltd For Target Rs.865- Yes Securities
Buy Bharat Forge Ltd For Target Rs.865- Yes Securities
Source: Yes Securities Ltd
13/08/2022 10:28:04 AM
Buy Bharat Forge Ltd For Target Rs.870 - JM Financial Institutional Securities Strong demand tailwind; new order wins to aid growth In 1QFY23, Bharat Forge (BHFC) reported standalone EBITDA margin of 24.7% (-380bps YoY, -100bps QoQ), 70bps below JMFe. Avg. realisation increased 18%YoY (+4%QoQ) due to higher steel price. Domestic revenue declined 3% QoQ (+56% YoY) in-line with steady underlying demand across segments, while exports increased 14% YoY (+12%QoQ) driven by strong traction in PV and Industrial segment. The management highlighted that demand remains steady ...
Buy Bharat Forge Ltd For Target Rs.870 - JM Financial Institutional Securities
Buy Bharat Forge Ltd For Target Rs.870 - JM Financial Institutional Securities
Source: JM Financial Institutional Securities
12/08/2022 3:29:10 PM
Bharat Forge soars as its arm collaborates with Talgo India to set-up joint venture Bharat Forge soars as its arm collaborates with Talgo India to set-up joint venture Jul-28-2022   12:18 Hrs IST Bharat Forge is currently trading at Rs. 727.35, up by 13.50 points or 1.89% from its previous closing of Rs. 713.85 on the BSE. The scrip opened at Rs. 718.50 and has touched a high and low of Rs. 729.00 and Rs. 713.80 respectively. So far 41925 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of...
Bharat Forge soars as its arm collaborates with Talgo India to set-up joint venture
Bharat Forge soars as its arm collaborates with Talgo India to set-up joint venture
Source: Accord Fintech
28/07/2022 1:44:38 PM
Bharat Forge trades marginally higher as its arm incorporates wholly-owned subsidiary Bharat Forge is currently trading at Rs. 705.00, up by 1.80 points or 0.26% from its previous closing of Rs. 703.20 on the BSE. The scrip opened at Rs. 705.95 and has touched a high and low of Rs. 710.35 and Rs. 702.45 respectively. So far 5221 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 848.00 on 10-Nov-2021 and a 52 week low of Rs. 595.85 on 08-Mar-2022. Last one week high and low of the scrip stood at Rs....
Bharat Forge trades marginally higher as its arm incorporates wholly-owned subsidiary
Bharat Forge trades marginally higher as its arm incorporates wholly-owned subsidiary
Source: Accord Fintech
27/07/2022 9:56:41 AM
Bharat Forge spurts on the BSE Bharat Forge is currently trading at Rs. 659.40, up by 21.05 points or 3.30% from its previous closing of Rs. 638.35 on the BSE. The scrip opened at Rs. 638.35 and has touched a high and low of Rs. 659.95 and Rs. 633.35 respectively. So far 50234 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 848.00 on 10-Nov-2021 and a 52 week low of Rs. 595.85 on 08-Mar-2022. Last one week high and low of the scrip stood at R...
Bharat Forge spurts on the BSE
Bharat Forge spurts on the BSE
Source: Accord Fintech
14/07/2022 4:00:08 PM
Bharat Forge soars on incorporating wholly-owned subsidiary Bharat Forge is currently trading at Rs. 639.90, up by 6.60 points or 1.04% from its previous closing of Rs. 633.30 on the BSE. The scrip opened at Rs. 634.00 and has touched a high and low of Rs. 641.10 and Rs. 631.35 respectively. So far 17869 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 848.00 on 10-Nov-2021 and a 52 week low of Rs. 595.85 on 08-Mar-2022. Last one week high and low of the scrip stood at Rs...
Bharat Forge soars on incorporating wholly-owned subsidiary
Bharat Forge soars on incorporating wholly-owned subsidiary
Source: Accord Fintech
13/07/2022 2:24:11 PM
Bharat Forge trades higher on getting nod to transfer stake in Refu Drive GmbH Bharat Forge is currently trading at Rs. 636.15, up by 11.75 points or 1.88% from its previous closing of Rs. 624.40 on the BSE. The scrip opened at Rs. 639.80 and has touched a high and low of Rs. 639.80 and Rs. 624.20 respectively. So far 15420 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 848.00 on 10-Nov-2021 and a 52 week low of Rs. 595.85 on 08-Mar-2022. Last one week high and low of the scrip stood at R...
Bharat Forge trades higher on getting nod to transfer stake in Refu Drive GmbH
Bharat Forge trades higher on getting nod to transfer stake in Refu Drive GmbH
Source: Accord Fintech
21/06/2022 10:51:07 AM
Buy Bharat Forge Ltd For Target Rs.925 - JM Institutional Securities Class 8 orders hit by supply constraints; demand remains healthy US Class 8 truck orders have been affected by supply chain disruptions and volatility in commodity costs over the past few months. As per industry intelligence agencies such as FTR, demand for new trucks from fleet operators continues to be healthy. Commentaries from global CV OEMs also suggest that the order backlog remains long as truck build slots for 2022 are completely filled. Given the volatility in the supply chain and...
Buy Bharat Forge Ltd For Target Rs.925 - JM Institutional Securities
Buy Bharat Forge Ltd For Target Rs.925 - JM Institutional Securities
Source: JM Institutional Securities Ltd
13/06/2022 12:28:22 PM
Buy Bharat Forge Ltd For Target Rs.775 - Emkay Global CY22 outlook strong; moderate growth expectations in CY23 * The demand outlook for CY22 provided by 24 global entities, including CV/PV OEMs, non-auto companies and industry associations, offers a positive read-through for forging companies. India’s MHCV segment is expected to witness a strong 28% volume growth in CY22. North America’s HCV segment is likely to grow by up to 12% and Europe up to 8% in CY22. The outlook for CY22 remains unchanged, supported by large order books. ...
Buy Bharat Forge Ltd For Target Rs.775 - Emkay Global
Buy Bharat Forge Ltd For Target Rs.775 - Emkay Global
Source: Emkay Global Financial Services Ltd
9/06/2022 1:40:32 PM
Mid cap : Buy Bharat Forge Ltd For Target Rs.785 - Geojit Financial Services Long term growth remain intact. Bharat Forge Ltd (BFL) is a leading player in the forging Industry. The company is serving in several sectors including automobile, power, oil and gas, rail & marine, aerospace & defence, construction, mining, etc. * Q4FY22 revenue grew by 49.2% QoQ on the back of sharp recovery in domestic & export market and pass through of steel price inflation. * On a consolidated basis, the margin contracted by –490bps due to lower utilizati...
Mid cap : Buy Bharat Forge Ltd For Target Rs.785 - Geojit Financial Services
Mid cap : Buy Bharat Forge Ltd For Target Rs.785 - Geojit Financial Services
Source: Geojit Financial Services Ltd
1/06/2022 2:25:07 PM
Geojit gives 'buy' call for Bharat Forge Financial services company Geojit Financial Services has given a "buy" call for Bharat Forge shares with a target price of Rs 785 per share. It sees an upside of 15 per cent over the next 12 months horizon. At the time of this report was filed, the shares of the company traded at Rs 699. A leading player in the forging industry, Bharat Forge is serving in several sectors including automobile, power, oil and gas, rail and marine, aerospace and defence, construction, and mini...
Geojit gives 'buy' call for Bharat Forge
Geojit gives 'buy' call for Bharat Forge
Source: IANS
31/05/2022 4:30:28 PM