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Sell Bharat Forge, target Rs 478: Kunal Bothra

Sell Bharat Forge Ltd. at a price target of Rs 478.0 and a stoploss at Rs 502 from entry point.

Last Updated: Jan 03, 2019, 09.04 AM IST
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Independent analyst Kunal Bothra has a sell call on Bharat Forge Ltd. with a target price of Rs 478. The current market price of Bharat Forge Ltd. is Rs 495.1. Time period given by the analyst is Intra Day when Bharat Forge Ltd. price can reach defined target. Kunal Bothra recommended to keep stoploss at Rs 502
Bharat Forge Ltd., incorporated in 1961, is a largecap company with a market cap of Rs 23051.29 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 30-09-2018, the company has reported a Standalone sales of Rs 1679.21 Crore, up 13.49 % from last quarter Sales of Rs 1479.66 Crore and up 33.48 % from last year same quarter Sales of Rs 1258.02 Crore Company has reported net profit after tax of Rs 227.49 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.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 30-09-2018, the company has a total of 465,588,632 shares outstanding.

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