Buy Bharat Forge, target Rs 690: Manas Jaiswal

Buy Bharat Forge at a price target of Rs 690 and a stop loss at Rs 644 from entry point.

Manas Jaiswal of manasjaiswal.com has a buy call on Bharat Forge with a target price of Rs 690.

The current market price of Bharat Forge is Rs 656.60.

Time period given by the analyst is intraday when Bharat Forge price can reach defined target.

Manas Jaiswal recommended to keep a stop loss at Rs 644.

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.
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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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