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Strong show by Bharat Forge amid challenges

Nitin Agrawal   •

The demand momentum in international markets for Bharat Forge is expected to continue and new focus areas are likely to drive growth in the coming years

Bharat Forge | The company has made further investment of Rs 4 crore in its associate company - Aeron Systems by way of purchasing 39,000 equity shares of face value Rs 10 each at a premium of Rs 1,015.64 in accordance with the terms of Shareholders Agreement with Aeron and its founders. Consequently, the company's stake in Aeron has been increased from 26 percent to 36 percent (fully diluted).

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Disclosure & Disclaimer

This Research Report / Research Recommendation has been published by Moneycontrol Dot Com India Limited (hereinafter referred to as “MCD”) which is a registered Investment Advisor under the Securities and Exchange Board of India (Investment Advisers) ...Read More