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Nov 7, 2017, 00.16 PM IST

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Buy Bharat Forge, target Rs 745: Manas Jaiswal

ETMarkets.com|
Nov 07, 2017, 12.15 PM IST
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Manas Jaiswal of manasjaiswal.com has a buy call on Bharat Forge with a target price of Rs 745.

The current market price of Bharat Forge is Rs 718.

Time period given by the analyst is intraday when Bharat Forge price can reach defined target.

Manas Jaiswal recommended to keep a stop loss at Rs 715.

Bharat Forge Ltd., incorporated in the year 1961, is a Large Cap company (having a market cap of Rs 32849.61 Crore) operating in Engineering sector.

Bharat Forge key Products/Revenue Segments include Steel Forgings which contributed Rs 3,776.83 Crore to Sales Value (92.88 per cent of Total Sales), Scrap which contributed Rs 157.71 Crore to Sales Value (3.87 per cent of Total Sales), Export Incentives which contributed Rs 82.87 Crore to Sales Value (2.03 per cent of Total Sales), Job Work which contributed Rs 26.82 Crore to Sales Value (0.65 per cent of Total Sales), Dies which contributed Rs 14.03 Crore to Sales Value (0.34 per cent of Total Sales), Wind Mills which contributed Rs 7.86 Crore to Sales Value (0.19 per cent of Total Sales)for the year ending 31-Mar-2017.

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, Mrs.Lalita D Gupte.

Company has SRBC & Co LLP as its auditors.

As on 30-09-2017, the company has a total of 465,588,632 shares outstanding.
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Disclaimer: This recommendation is analyst's own and does not represent those of economictimes.com & ETMarkets.com. Please consult your financial advisor before taking any position in the stock/s mentioned.

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