Buy Bharat Forge: Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com suggests buying Bharat Forge.
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Sep 12, 2013, 04.41 PM | Source: CNBC-TV18

Buy Bharat Forge: Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com suggests buying Bharat Forge.

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Buy Bharat Forge: Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com suggests buying Bharat Forge.

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Sudarshan Sukhani (more)

Technical Analyst, s2analytics.com | Capital Expertise: Equity - Technical

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, " Bharat Forge is a far better stock to be in among the midcaps. This stock has completed a bear market and is now just embarking on a new uptrend. That is always choppy but the markets don't work on demand. It is something worth buying into."

On September 12, 2013 Bharat Forge closed at Rs 257.90, up Rs 7.25, or 2.89 percent.

The share touched its 52-week high Rs 315 and 52-week low Rs 185.55 on 04 October, 2012 and 06 August, 2013, respectively.

The company's trailing 12-month (TTM) EPS was at Rs 13.34 per share. (Jun, 2013). The stock's price-to-earnings (P/E) ratio was 19.33. The latest book value of the company is Rs 99.25 per share. At current value, the price-to-book
value of the company was 2.6. The dividend yield of the company was 1.32 percent.

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