Bharat Forge

May 09, 2023 02:15 PM IST

Buy Bharat Forge; target of Rs 940: Prabhudas Lilladher

Prabhudas Lilladher is bullish on Bharat Forge has recommended buy rating on the stock with a target price of Rs 940 in its research report dated May 08, 2023.

Buy Bharat Forge; target of Rs 985: Motilal Oswal

Motilal Oswal is bullish on Bharat Forge recommended buy rating on the stock with a target price of Rs 985 in its research report dated May 07, 2023.

Buy Bharat Forge; target of Rs 998: HDFC Securities

HDFC Securities is bullish on Bharat Forge has recommended buy rating on the stock with a target price of Rs 998 in its research report dated May 05, 2023.

Bharat Forge Consolidated March 2023 Net Sales at Rs 3,629.05 crore, up 1.57% Y-o-Y

Brokerages see limited growth for core business of Bharat Forge

Bharat Forge's net profit for the quarter declined 7 percent year on year to Rs 244.50 crore from Rs 262 crore a year ago. Revenue rose 19 percent from a year ago to Rs 1997.30 crore.

Bharat Forge Standalone March 2023 Net Sales at Rs 1,997.28 crore, up 19.31% Y-o-Y

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Bharat Forge shares correct after fall in profitability in Q4

Chairman and Managing Director BN Kalyani expects strong growth across revenues, profitability and return ratios, driven by the core forging business

Bharat Forge Q4 PAT seen up 15.4% YoY to Rs. 304.6 cr: Motilal Oswal

Net Sales are expected to increase by 22.2 percent Y-o-Y (up 4.8 percent Q-o-Q) to Rs. 2,045.6 crore, according to Motilal Oswal.

Bharat Forge trades 2% down, Kotak downgrades stock to 'sell'

Bharat Forge was downgraded to 'sell' from 'reduce' by Kotak Institutional Equities due to limited growth prospects in core segments, with the shift towards EV and elevated competitive intensity.

Bharat Forge down 2% as North America Class 8 truck orders decline

Shares of the company are also down around 14 percent in the year so far on the back of concerns around its rising debt and worsening losses at its overseas subsidiaries.

Defence stocks on fire as Defence Acquisition Council approves Rs 70,500 crore-projects; Bharat Forge, HAL, L&T gain

The Defence Acquisition Council accorded Acceptance of Necessity to projects worth Rs 70,500 crore. Reacting to this news, Bharat Forge and HAL rose over 4 percent while shares of Bharat Dynamics, Bharat Electronics, MTAR Technologies, Paras Defence and Space Technologies were up 1-3 percent on the BSE.

Bharat Forge gains 1% as e-mobility arm kicks off its first electric bike unit

Bharat Forge announced that its E-Mobility subsidiary, Kalyani Powertrain Ltd, inaugurated its first E-bike manufacturing facility at MIDC Chakan on March 8, 2023.

Bharat Forge to house defence-related investments under one entity

The company will transfer the stake in Aeron to KSSL in consideration of subscription of equity shares of KSSL, Bharat Forge said in a regulatory filing

Buy Bharat Forge; target of Rs 928: HDFC Securities

HDFC Securities is bullish on Bharat Forge has recommended buy rating on the stock with a target price of Rs 928 in its research report dated February 14, 2023.

Buy Bharat Forge; target of Rs 1028: YES Securities

YES Securities is bullish on Bharat Forge has recommended buy rating on the stock with a target price of Rs 1028 in its research report dated February 14, 2023.

Bharat Forge Standalone December 2022 Net Sales at Rs 1,952.10 crore, up 21.85% Y-o-Y

Hold Bharat Forge of Rs 900: Emkay Global Financial

Emkay Global Financial recommended hold rating on Bharat Forge with a target price of Rs 900 in its research report dated February 14, 2023.

Bharat Forge Consolidated December 2022 Net Sales at Rs 3,353.36 crore, up 40.03% Y-o-Y

HAL, Bharat Forge, Saarloha ink MoU for producing aerospace grade steel alloys

The development of aerospace grade raw materials in the country will help Hindustan Aeronautics Ltd in maintaining its commitment to the armed forces, and will also reduce the nation’s dependency on foreign original equipment makers, a senior HAL official said.

Bharat Forge: Fixing overseas operations key to earnings ramp-up

Bharat Forge needs to up its game in overseas operations to be able to expand consolidated profitability

Bharat Forge Q3: Strong set despite bumps in global markets, poised to grow

The medium- to long-term demand outlook for the domestic business is promising on the back of pent-up demand and an increase in economic and industrial activitie

Bharat Forge inks pact with Paramount Group

The collaboration will focus on creating a 'Centre of Excellence' for the design, development and manufacture of composite rotor blades, mission systems and stores management systems for rotary wing platforms in India.

Gainers & Losers: 10 stocks that moved the most on February 15

About 1,722 shares advanced, 1,657 shares declined, and 129 shares were unchanged on February 15

Bharat Forge declines over 6% after Citi tags stock with 'sell' as overseas subsidiaries continue to disappoint

CLSA expects strong growth in commercial vehicles, passenger vehicles, and defence segments, with lower margin assumptions for FY24/25. The research firm appears to be positive on the company's revenue growth and export revenue.