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Sell Bharat Forge, target Rs 396: Kunal Bothra

Sell Bharat Forge Ltd. at a price target of Rs 396.0 and a stoploss at Rs 412 from entry point.

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Last Updated: Aug 08, 2019, 09.05 AM IST
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Independent analyst Kunal Bothra has a sell call on Bharat Forge Ltd. with a target price of Rs 396. The current market price of Bharat Forge Ltd. is Rs 406.3. Time period given by the analyst is Intra Day when Bharat Forge Ltd. price can reach the defined target. Kunal Bothra recommended to keep stoploss at Rs 412. Bharat Forge Ltd., incorporated in 1961, has a market cap of Rs 18916.87 crore.

Bharat Forge Ltd. key Products/Revenue Segments include Steel Forgings which contributed Rs 5019.82 Crore to Sales Value (93.42 % of Total Sales), Scrap which contributed Rs 185.12 Crore to Sales Value (3.44 % of Total Sales), Export Incentives which contributed Rs 117.66 Crore to Sales Value (2.18 % of Total Sales), Job Work which contributed Rs 32.72 Crore to Sales Value (0.60 % of Total Sales), Dies which contributed Rs 10.55 Crore to Sales Value (0.19 % of Total Sales), Wind Mills which contributed Rs 7.07 Crore to Sales Value (0.13 % of Total Sales)for the year ending 31-Mar-2018.

For the quarter ended 31-03-2019, the company has reported a Standalone sales of Rs 1668.60 Crore, down -1.41 % from last quarter Sales of Rs 1692.52 Crore and up 13.77 % from last year same quarter Sales of Rs 1466.61 Crore Company has reported net profit after tax of Rs 299.51 Crore in latest quarter. The company’s top management includes Dr.T Mukherjee, Mr.Amit B Kalyani, Mr.B N Kalyani, Mr.B P Kalyani, Mr.Dipak Mane, Mr.G K Agarwal, Mr.Kishore 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, Mrs.Lalita D Gupte. Company has SRBC & Co LLP as its auditoRs As on 30-06-2019, the company has a total of 465,588,632 shares outstanding.

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