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Buy Happy Forgings Ltd For Target Rs.1,300 By Motilal Oswal Financial Services Ltd Margin beats estimate, led by better product mix Focusing on gradually ramping up presence in Industrial segment * Happy Forgings (HFL)’s 2QFY25 result was encouraging as it reported a healthy EBITDA margin of 29.2% (+190bp YoY, est. 28%) led by a higher mix of machining and industrial segment. Despite a muted demand outlook for its core CV division, we expect HFL to continue outperforming, driven by new order ramp-up, particularly in exports and industrials, growth in new se...
Buy Happy Forgings Ltd For Target Rs.1,300 By Motilal Oswal Financial Services Ltd
Buy Happy Forgings Ltd For Target Rs.1,300 By Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services
2024-12-01 03:47:44 pm
Buy Happy Forgings Ltd For Target Rs.1,125 - Motilal Oswal Financial Services Expanding opportunities with diversification Well poised to tap opportunities in growing industrials and exports market Happy Forgings (HFL) is a Ludhiana-based company specializing in diversified forging and machining services. With over four decades of industry experience, it manufactures and delivers top-quality, intricate components. It is ranked as the fourth largest engineering-led manufacturer in India for complex and safety-critical, heavy forged, and high-precision machined co...
Buy Happy Forgings Ltd For Target Rs.1,125 - Motilal Oswal Financial Services
Buy Happy Forgings Ltd For Target Rs.1,125 - Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
2024-05-28 10:52:45 am
IPO NOTE : Happy Forgings Ltd by Geojit Financial Services Limited A leading crankshaft manufacturer KEY CHANGES: TARGET …... Happy Forgings Ltd. (HFL) is an Indian manufacturer that designs and manufactures forged and high-precision machined products such as crankshafts, front axle beams, steering knuckles, transmission parts, etc., catering to both the automotive and non-automotive sectors. Established in 1979, it has three facilities in Ludhiana and Punjab. With an installed capacity for forging and machining of 107,000 MT and 46,100 MT, it has ...
IPO NOTE : Happy Forgings Ltd by Geojit Financial Services Limited
IPO NOTE : Happy Forgings Ltd by Geojit Financial Services Limited
Source: Geojit Financial Services Ltd
2023-12-22 01:47:48 pm
Happy Forgings Limited raises ?303 crore from 25 anchor investors ahead of its IPO  Happy Forgings Limited, the second largest company in India manufacturing commercial vehicle and high horsepower industrial crankshafts (in terms of production capacity), has garnered ?303 crore from anchor investors, ahead of its initial public offering that opens for public subscription on Tuesday, December 19, 2023. The company informed the bourses that it has allocated 35,59,740 equity shares at ?850 per share on Monday, December 18, 2023, to the 25 anchor invest...
Happy Forgings Limited raises ?303 crore from 25 anchor investors ahead of its IPO
Happy Forgings Limited raises ?303 crore from 25 anchor investors ahead of its IPO
Source: PR Agency
2023-12-19 01:40:17 pm