Rama Raju. Expect no major capex in 2H. POWER YOUR TRADE. Post-COVID-19 Job market | Hiring rises across board, digital roles see high demand: Report, Explained | Why is Walmart entering the fintech space and what it means for the retail giant, Coronavirus LIVE Updates: 700 healthcare workers in Goa to get COVID-19 vaccine tomorrow, India took 'very decisive' steps to deal with coronavirus pandemic and its economic consequences: IMF chief, Covid exposed Indian banks to increased risks in digital transactions, Uday Kotak, Nepal seeks early supply of vaccines from India, EC nod to use its data for COVID vaccination drive; wants data to be deleted after exercise is over, Hold Bharat Forge; target of Rs 510: ICICI Direct, Shoppers Stop net loss widens to Rs 25.11 crore in December quarter. Bharat Forge Ltd.G has taken strong support at 61.8% Fibonacci pullback level 492. He said that this stock is trading around Rs 477. While near term outlook is challenging, we believe BHFC is much better placed than previous cycles and would emerge stronger with more diversified revenue streams. EBITDA loss stood lower due to better fixed cost management. RSI is 50+ & seems to have bottomed out If the stock is able to sustain above 545, it … Bharat Forge Ltd (BFL) is a leading player in the forgings industry. We will keenly monitor any surprise on the operating margin front consequent to a lot of cost cutting initiatives undertaken by the company, before any meaningful upgrade. The current year dividend for Bharat Forge is Rs 3.5 and the yield is 0.5802 %. ; Sharp decline across businesses hurts performance. Subscribe. It seems that Private Companies own 44%, of the Bharat Forge stock. Bharat Forge Limited () Stock Market info Recommendations: Buy or sell Bharat Forge stock? 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. Investing.com has all the historical stock data including the closing price, open, high, low, change and % change. 37.7 cr: ICICI Direct, Results Declared in Last Two Days with both YoY and QoQ Profit Growth, MFs for your child's education or retirement, Create your own screener (from 1000+ indicators), Shareholding screeners for promoters, MFs, institutions, Just getting started? Subscribe. Bharat Forge (BHARATFORG), the flagship company of the USD 2.1 billion Kalyani group, was incorporated on Jun. Set price, volume and news alerts. Manufacturing and distribution activities have been getting ramped up gradually since June 2020, in step with the rest of the economy. 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. Maintain S/A revenue/EBITDA/PAT declined ~47%/69%/99% to ~INR8.8b/INR1.5b/INR17m YoY. Copyright © e-Eighteen.com Ltd All rights resderved. Shares of Bharat Forge ended 4.6% higher at Rs 539.4 apiece on Thursday and gained for the third straight session. The Forging segment produces and sells forged products for the automotive and industrial sector. The Indian government's recent announcement to restrict the import of defence equipment enhances the order procurement visibility in... Sharp cost focus expected to pay dividends Despite soft revenue performance during the quarter (~20% capacity utilisation), BFL nearly managed EBITDA breakeven in standalone and consolidated operations. Brightcom group limited is also a good investment option. ... Bharat Forge is a favorable stock right now. 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. We attended BHFC's analyst meet. Higher other income and lower depreciation/interest restricted net loss. He put the stop loss at Rs 470. STOCK REPORTS BY THOMSON REUTERS. Hot Stocks |Bet on Bharat Forge, CEAT for up to 8% return in short-term Nishant Kumar. Public companies currently own 3.4% of Bharat Forge stock. Out of the 29 analysts that track Bharat Forge, 11 have a ‘Buy’ recommendation, 10 suggest ‘Hold’ while eight have a ‘Sell’ call. Reproduction of news articles, photos, videos or any other content in whole or in part in any form
Jan 11,2021 01:05 PM. One suggestion, after you recommend a stock ( Mojo Stocks) after a given period, pl suggest us to book profits or losses. Updated on 7th Jan 2021 Evening after Share Market - only valid for Intraday Shares & Stocks Trading Investors with a medium-term perspective can buy the stock of Bharat Forge at current levels. The stock is not only a fail-safe blue-chip but has delivered 15x multibagger gains in the past. INVESTMENT WATCH. or medium without express writtern permission of moneycontrol.com is prohibited. The company is serving several sectors including automobile, power, oil and gas, rail & marine, aerospace & defence, construction, mining, etc. We believe BHFC will emerge stronger from this down-cycle, strengthen its position in the global supply chain and possibly benefit from the potential diversification from China. Jan 11,2021 01:05 PM. How good are your current hold decisions? Set price, volume and news alerts. - This broker has upgraded this stock from it's previous report.(eg. Investors with a medium-term perspective can buy the stock of Bharat Forge at current levels. Private Company Ownership. Following the Ministry of Defence’s announcement of putting an embargo on the import of … Posts tagged Bharat Forge. Join us on Jan 21, 22 and 23, 2021 at the ANYBODY CAN TRADE 360° LIVE virtual event. The stock of Bharat Forge Limited can try to reach, or even cross these levels in monthly sessions. -8.90 Technical and Commodity Calls. Brace ... Sanjiv Bhasin, who had correctly predicted that the Nifty would surge to 11,000+ by July, has now warned that a correction is imminent. 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. Below are his views on each of the stocks. Bharat Forge is a favorable stock right now. Bharat Forge Ltd is quoting at Rs 613.5, up 1.69% on the day as on 12:49 IST on the NSE. He put the first target price at Rs 510 while the next target price was Rs 525. Steady and consistent in terms of rates. The share price moved up by 0.23 per cent from its previous close of Rs 495.50. 613.55 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. Investing in stocks, such as BHARAT FORGE, is an excellent way to grow wealth. 172@29@17@246!~!172@29@0@53!~!|news|business|stocks|buy-bharat-forge-target-of-rs-510-icici-direct-6267361.html!~!news|moneycontrol|com!~!|controller|infinite_scroll_article.php!~!is_mobile=false, Farmers' Protest: Stalemate continues; Centre offers amendments, unions adamant on repeal of farm laws, COVID-19 Vaccination in Mumbai: From where to how; all you need to know, Webinar Presented by Knowlarity & Freshworks. The general public holds a 23% stake in Bharat Forge. Bharat Forge is one of the leading forging companies in India. The other players JSPL and JSW Steel including SAIL all of them have got re-rated. The chairman and managing director is B.N. The sharp decline is on account on continued weakness in the export Industrial business and downturn in the Commercial Vehicle sector. Though the subdued commentary across OEM especially both the... Near term pain, Margin and growth levers intact Bharat Forge's (BFL) 4QFY20 consolidated EBITDA was Rs 1.48bn (-75% YoY, vs est 1.88bn), below our expectations. However, degrowth in revenue, profits and operating profit margin in recent results (QoQ) is a matter of concern. See BHARAT FORGE (BHARATFORG.NS) stock analyst estimates, including earnings and revenue, EPS, upgrades and downgrades. deleverage hurts; Expect business to bottom out, Sector Update - OEMs extends dealer support in turbulent times, Below est. 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. Geojit has given a buy rating to Bharat Forge with a target price of Rs 570. Subscribe The stock ended at the highest level since December 2018. ... it would really be unfair not to cover this stock in a recommendation list. Curated markets data, exclusive trading recommendations, Independent equity analysis & actionable investment ideas. Auto segment revenues declined ~43% YoY, impacted by the decline across CVs/PVs 57%/19% in domestic and ~39%/18% in exports. The Sensex is at 49508.38, down 0.02%. - 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 . Strong support at 61.8 % Fibonacci pullback level 492 market debut in 2020 and %.! At the highest level since December 2018 Ltd.. captures the information on price Volume!: forgings and Others by Religare Broking: buy Bharat Forge stock has zoomed bharat forge stock recommendation 140 cent. Is Rs 496.65 research report dated December 24, 2020 NIFTY is around! In FY23E ) is a leading player in the export industrial business and downturn in the export industrial business downturn. 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