INSUBCONTINENT EXCLUSIVE:
Edelweiss has upgraded Bharat Forge to buy in the long term with a revised target price of Rs 625
Shares of Bharat Forge ended down 0.9% at Rs 486.55 on Friday while BSE Sensex closed 162.03 points up at 41,464.61.
Company FinancialsFor
the quarter ended 30-09-2019, the company has reported consolidated sales of Rs 2155.20 crore, down -7.42 % from last quarter sales of Rs
2327.86 crore and down -17.02 % from last year same quarter sales of Rs 2597.27 crore
The company has reported net profit after tax of Rs 212.77 crore in the latest quarter
Saletore, Mr.Murali Sivaraman, 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 30-09-2019, the company has a total of 465,588,632 shares outstanding
Investment RationaleBharat Forge has delivered superior returns/ growth across past business cycles led by judicious expansion in the right
advantage, the brokerage said.