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Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
UBS Maintains Buy on Bharat Forge
UBS has maintained its buy call on Bharat Forge for target of Rs 1,500 per share. UBS says that it sees strong visibility on company achieving its FY18 target and North America' truck outlook remains robust. However, it says that oil & gas remains a near term pressure point and going ahead improving ROCE will drive the re-rating for Bharat Forge.