Buy Bharat Forge, target price Rs 1250: Motilal Oswal
Bharat Forge Ltd. with a target price of Rs 1250.
The current market price of Bharat Forge Ltd. is Rs 1117.8.
Bharat Forge Ltd., incorporated in the year 1961, is a Large Cap company (having a market cap of Rs 51729.22 Crore) operating in Auto Ancillaries sector.
Bharat Forge Ltd. key Products/Revenue Segments include Steel Forgings, Scrap, Export Incentives, Job Work, Dies & Tools and Wind Mills for the year ending 31-Mar-2023.
Financials For the quarter ended 30-09-2023, the company reported a Consolidated Total Income of Rs 3826.67 Crore, down -2.91 % from last quarter Total Income of Rs 3941.42 Crore and up 22.56 % from last year same quarter Total Income of Rs 3122.27 Crore. Company reported net profit after tax of Rs 214.36 Crore in latest quarter.
