Finace And Stock

Buy Bharat Forge, target price Rs 920: Emkay Global

has buy call on with a target price of Rs 920. The current market price of Bharat Forge Ltd. is Rs 729.15.

Time period given by analyst is one year when Bharat Forge Ltd. price can reach defined target.

Bharat Forge Ltd., incorporated in the year 1961, is a Large Cap company (having a market cap of Rs 33932.10 Crore) operating in Auto Ancillaries sector.

Bharat Forge Ltd. key Products/Revenue Segments include Steel Forgings, Scrap, Export Incentives, Job Work, Dies & Tools and Wind Mills for the year ending 31-Mar-2021.

For the quarter ended 30-06-2021, the company reported a Consolidated Total Income of Rs 2148.39 Crore, up .62 % from last quarter Total Income of Rs 2135.23 Crore and up 79.15 % from last year same quarter Total Income of Rs 1199.24 Crore. Company reported net profit after tax of Rs 161.86 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 44.8 per cent stake in the company as of June 30, 2021, while FIIs held 25.3 per cent, DIIs 12.3 per cent and public and others 17.7 per cent.

(Disclaimer: Views and recommendations given in this section are the analysts’ own and do not represent those of Please consult your financial adviser before taking any position in the stock/s mentioned.

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