Time period given by analyst is Intra Day when Bharat Forge Ltd. price can reach defined target.
Bharat Forge Ltd., incorporated in the year 1961, is a Large Cap company (having a market cap of Rs 38832.42 Crore) operating in Auto Ancillaries sector.
Bharat Forge Ltd. key Products/Revenue Segments include Steel Forgings, Scrap, Export Incentives, Job Work, Dies & Tools and Wind Mills for the year ending 31-Mar-2021.
Financials
For the quarter ended 30-06-2021, the company reported a Consolidated Total Income of Rs 2148.39 Crore, up .62 % from last quarter Total Income of Rs 2135.23 Crore and up 79.15 % from last year same quarter Total Income of Rs 1199.24 Crore. Company reported net profit after tax of Rs 161.86 Crore in latest quarter.
Investment Rationale
Breakout from a trading range since August after a strong base formation which indicates strong rally
Promoter/FII Holdings
Promoters held 44.76 per cent stake in the company as of 30-Sep-2021, while FIIs owned 25.1 per cent, DIIs 13.28 per cent.
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