Buy Bharat Forge, target price Rs 1135: Motilal Oswal

Motilal Oswal has buy call on Bharat Forge Ltd. with a target price of Rs 1135. The current market price of Bharat Forge Ltd. is Rs 1075.05.

Bharat Forge Ltd., incorporated in the year 1961, is a Large Cap company (having a market cap of Rs 50050.78 Crore) operating in Auto Ancillaries sector.

Bharat Forge Ltd. key Products/Revenue Segments include Steel Forgings, Scrap, Export Incentives, Job Work, Wind Mills for the year ending 31-Mar-2022.



Financials
For the quarter ended 30-06-2023, the company reported a Consolidated Total Income of Rs 3941.42 Crore, up 6.90 % from last quarter Total Income of Rs 3686.85 Crore and up 36.66 % from last year same quarter Total Income of Rs 2884.04 Crore. Company reported net profit after tax of Rs 211.19 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 45.25 per cent stake in the company as of 30-Jun-2023, while FIIs owned 15.79 per cent, DIIs 28.31 per cent.