Buy Bharat Forge, target price Rs 575: Kotak Securities

Bharat Forge Ltd., incorporated in the year 1961, is a Large Cap company (having a market cap of Rs 25933.29 Crore) operating in Auto Ancillaries sector.

By ETMarkets.com | Updated: Dec 18, 2020, 10.03 AM IST

Promoters held 45.8 per cent stake in the company as of Sept 30, 2020, while FIIs held 22.1 per cent, DIIs 13.3 per cent and public and others 18.8 per cent.

Kotak Securities has buy call on Bharat Forge with a target price of Rs 575. The current market price of Bharat Forge Ltd. is Rs 554.

Bharat Forge Ltd., incorporated in the year 1961, is a Large Cap company (having a market cap of Rs 25933.29 Crore) operating in Auto Ancillaries sector.

Financials
For the quarter ended 30-09-2020, the company reported a Consolidated sales of Rs 1376.09 Crore, up 19.22 % from last quarter Sales of Rs 1154.21 Crore and down -36.15 % from last year same quarter Sales of Rs 2155.20 Crore.

Promoter/FII Holdings
Promoters held 45.8 per cent stake in the company as of Sept 30, 2020, while FIIs held 22.1 per cent, DIIs 13.3 per cent and public and others 18.8 per cent.

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