Bharat Forge Ltd.

NSE: BHARATFORG | BSE: 500493 | ISIN: INE465A01025 | Industry: Castings & Forgings
| Expensive Performer
1239.6000 10.60 (0.86%)
NSE May 22, 2025 15:56 PM
Volume: 968.1K
 

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Bharat Forge Ltd.
24 Dec 2020
1239.60
0.86%
ICICI Securities Limited
With the bulk of target customer segments viz. domestic CV, global CV space (improved new order readings of Class 8 trucks with November 2020 print coming in at ~53,000 units (~3x YoY, up ~30% MoM)), bottoming out, we expect a rapid recovery at Bharat Forge, a large part of which is captured by its prevailing valuation multiples (trading at ~32x P/E on FY23E numbers). We will keenly monitor any surprise on the operating margin front consequent to a lot of cost cutting initiatives undertaken by the company, before any meaningful upgrade. We also await outcome on scrappage...
Motilal Oswal decreased Neutral price target of Bharat Forge Ltd. to 1090.0 on 08 May, 2025.
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