Sell Bharat Forge, target Rs 681.40: ICICI Direct

ICICI Direct has a sell call on Bharat Forge with a target price of Rs 681.40.


The current market price of Bharat Forge is Rs 685.35.

Time period given by the brokerage firm is 'Intra Day' when Bharat Forge price can reach defined target.

ICICI Direct recommended to keep a stop loss at Rs 700.60.

Bharat Forge, incorporated in the year 1961, is a Large Cap company (having a market cap of Rs 32,602.84 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 31-12-2017, the company has a total of 465,588,632 shares outstanding.