Bharat Forge Ltd.

NSE: BHARATFORG | BSE: 500493 | ISIN: INE465A01025 | Industry: Castings & Forgings
| Expensive Performer
1117.1000 28.60 (2.63%)
NSE Apr 28, 2025 15:31 PM
Volume: 1.2M
 

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Bharat Forge Ltd.
07 Jun 2021
1117.10
2.63%
ICICI Securities Limited
BFL said: (i) cost pressure exists on raw material and freight costs (up 3-4x in the recent past), (ii) BFL has recently won an order from Government of India in the defence domain (non-automotive) wherein BFL will start supplying components in a month's timeframe (quantum not disclosed); (iii) BFL will be acquiring land to the tune of ~70 hectares at Khed (Maharashtra, near Pune) at an outlay of ~| 240 crore (over the next two to three years) wherein they intend to construct two new plants in the domain of e-mobility and defence. (iv) BFL will be targeting an RoCE of ~20%; (v) US-class 8 truck...
Bharat Forge Ltd. is trading above its 50 day SMA of 1086.8
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