Bharat Forge Ltd., incorporated in the year 1961, is a Large Cap company (having a market cap of Rs 30645.04 Crore) operating in Auto Ancillaries sector.
Financials
For the quarter ended 31-12-2020, the company reported a Consolidated Total Income of Rs 1761.11 Crore, up 24.94 % from last quarter Total Income of Rs 1409.57 Crore and down -5.72 % from last year same quarter Total Income of Rs 1868.05 Crore. Company reported net profit after tax of Rs -206.71 Crore in latest quarter.
Investment Rationale
After making a base at levels of 550, the stock is now making a base around 635 levels. A move above 678 would bring a fresh momentum on the upside.
Promoter/FII Holdings
Promoters held 45.8 per cent stake in the company as of Dec 30, 2020, while FIIs held 23.5 per cent, DIIs 12.6 per cent and public and others 18.2 per cent.
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