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Last Updated : Aug 14, 2020 12:24 PM IST | Source: Moneycontrol.com

Buy Bharat Forge; target of Rs 500: Motilal Oswal

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.

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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.



Outlook


Maintain Buy, with TP of ~INR500 (28x Sep’22 consol. EPS).


For all recommendations report, click here


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First Published on Aug 14, 2020 12:24 pm
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