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    Buy Bharat Forge, target price Rs 742: Motilal Oswal

    Synopsis

    Bharat Forge Ltd., incorporated in the year 1961, is a Large Cap company (having a market cap of Rs 28182.08 Crore) operating in Auto Ancillaries sector.

    Promoters held 45.8 per cent stake in the company as of Dec 30, 2020, while FIIs held 23.5 per cent, DIIs 12.6 per cent and public and others 18.2 per cent.

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    Motilal Oswal has buy call on Ltd. with a target price of Rs 742. The current market price of Bharat Forge Ltd. is Rs 607.65.

    Bharat Forge Ltd., incorporated in the year 1961, is a Large Cap company (having a market cap of Rs 28182.08 Crore) operating in Auto Ancillaries sector.

    Financials
    For the quarter ended 31-12-2020, the company reported a Consolidated Total Income of Rs 1761.11 Crore, up 24.94 % from last quarter Total Income of Rs 1409.57 Crore and down -5.72 % from last year same quarter Total Income of Rs 1868.05 Crore. Company reported net profit after tax of Rs -206.71 Crore in latest quarter.

    Promoter/FII Holdings
    Promoters held 45.8 per cent stake in the company as of Dec 30, 2020, while FIIs held 23.5 per cent, DIIs 12.6 per cent and public and others 18.2 per cent.
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