BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
Nomura upgrades Bharat Forge to Neutral
Nomura increased target price on Bharat Forge from Rs 1,154 to Rs 1,217. Bharat Forge is a play on recovery in the domestic and global CV cycles and improvement in non-auto segments. The company appears well positioned to take advantage of opportunities in the domestic railways, power and defence segment.