Buy Bharat Forge, target Rs 667.40: ICICI Direct
Buy Bharat Forge at a price target of Rs 667.40 and a stop loss at Rs 649.20 from entry point.
The current market price of Bharat Forge is Rs 658.45.
Time period given by the analyst is intraday when Bharat Forge price can reach defined target.
ICICI Direct recommended to keep a stop loss at Rs 649.20.
Bharat Forge, incorporated in the year 1961, is a Large Cap company (having a market cap of Rs 30,570.55 Crore) operating in Engineering sector.
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 30-09-2017, the company has a total of 465,588,632 shares outstanding.
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