INSUBCONTINENT EXCLUSIVE:
Manas Jaiswal of manasjaiswal.com has a buy call on Bharat Forge Ltd
with a target price of Rs 610
The current market price of Bharat Forge Ltd
Time period given by the analyst is Intra Day when Bharat Forge Ltd
price can reach the defined target
Manas Jaiswal recommended to keep stoploss at Rs 565
Bharat Forge Ltd., incorporated in 1961, is a largecap company with a market cap of Rs 27053.03 crore.
Bharat Forge Ltd
key Products/Revenue Segments include Steel Forgings which contributed Rs 3776.83 Crore to Sales Value (92.88 % of Total Sales), Scrap which
contributed Rs 157.71 Crore to Sales Value (3.87 % of Total Sales), Export Incentives which contributed Rs 82.87 Crore to Sales Value (2.03
% of Total Sales), Job Work which contributed Rs 26.82 Crore to Sales Value (0.65 % of Total Sales), Dies which contributed Rs 14.03 Crore
to Sales Value (0.34 % of Total Sales), Wind Mills which contributed Rs 7.86 Crore to Sales Value (0.19 % of Total Sales)for the year ending
For the quarter ended 30-09-2018, the company has reported a Standalone sales of Rs 1679.21 Crore, up 13.49 % from last quarter Sales of Rs
1479.66 Crore and up 33.48 % from last year same quarter Sales of Rs 1258.02 Crore Company has reported net profit after tax of Rs 227.49
The company’s top management includes Dr.T Mukherjee, Mr.Amit B Kalyani, Mr.B N Kalyani, Mr.B P Kalyani, Mr.G K Agarwal, Mr.Kishore
Saletore, Mr.Naresh Narad, Mr.P C Bhalerao, Mr.P H Ravikumar, Mr.Pratap G Pawar, Mr.S E Tandale, Mr.S M Thakore, Mr.Vimal Bhandari,
Company has SRBC Co LLP as its auditoRs As on 30-09-2018, the company has a total of 465,588,632 shares outstanding.
