Motilal Oswal is bullish on Bharat Forge recommended buy rating on the stock with a target price of Rs 500 in its research report dated August 12, 2020.
Motilal Oswal 's research report on Bharat Forge
Bharat Forge (BHFC)’s 1QFY21 operating performance was commendable considering EBITDA breakeven at 20% utilization. With enhanced capabilities, improved efficiency, low gearing, and a strengthened position in the global supply chain, BHFC would come out stronger from this downcycle.
Maintain Buy, with TP of ~INR500 (28x Sep’22 consol. EPS).
For all recommendations report, click here
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