Bharat Forge Ltd.

NSE: BHARATFORG | BSE: 500493 | ISIN: INE465A01025 | Industry: Castings & Forgings
| Expensive Performer
1104.2000 -29.80 (-2.63%)
NSE Apr 30, 2025 15:31 PM
Volume: 1.3M
 

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Bharat Forge Ltd.
24 Dec 2020
1104.20
-2.63%
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...
Bharat Forge Ltd. has lost -22.17% in the last 6 Months
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