Buy Bharat Forge, target price Rs 850: Motilal Oswal

Motilal Oswal has buy call on Bharat Forge with a target price of Rs 850. The current market price of Bharat Forge Ltd. is Rs 762.1. Time period given by analyst is one year when Bharat Forge Ltd. price can reach defined target.

Bharat Forge Ltd., incorporated in the year 1961, is a Large Cap company (having a market cap of Rs 35107.71 Crore) operating in Auto Ancillaries sector.

Financials
For the quarter ended 31-03-2021, the company reported a Consolidated Total Income of Rs 2135.23 Crore, up 21.24 % from last quarter Total Income of Rs 1761.11 Crore and up 18.91 % from last year same quarter Total Income of Rs 1795.60 Crore. Company reported net profit after tax of Rs 236.65 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.