Motilal Oswal Recommends Buying Bharat Forge with a Target Price of Rs 1135

Motilal Oswal has issued a “buy” recommendation for Bharat Forge Ltd. with a target price of Rs 1135. Currently, the stock is trading at Rs 1075.05.

Bharat Forge Ltd., a well-established player in the auto ancillaries sector, falls under the Large Cap category with a market capitalization of Rs 50050.78 Crore.

The key revenue segments for Bharat Forge Ltd. include Steel Forgings, Scrap, Export Incentives, Job Work, and Wind Mills. For the quarter ending on June 30, 2023, the company reported a consolidated total income of Rs 3941.42 Crore. This reflects a 36.66% increase compared to the same quarter last year and a 6.90% increase compared to the previous quarter. In the latest quarter, the company reported a net profit after tax of Rs 211.19 Crore.

As of June 30, 2023, the promoters of Bharat Forge held a 45.25% stake in the company, while foreign institutional investors (FIIs) owned 15.79%, and domestic institutional investors (DIIs) held 28.31%.

Investors considering Bharat Forge for their investment portfolio may find Motilal Oswal’s “buy” recommendation and target price of Rs 1135 to be valuable insights as they evaluate the potential investment in the company.

Disclaimer: The views and investment tips expressed by investment experts on are their own and not those of the website or its management. advises users to check with certified experts before taking any investment decisions.​​
Daily Index & Stock Option Research On Whatsapp
We will be happy to hear your thoughts

      Leave a reply

      Share Price India News