BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
|Target Hit|| Long (1Y)
Kotak has downgraded Bharat Forge to sell
Kotak has downgraded Bharat Forge to "sell" from "add" earlier with a target price of Rs 835. Headwinds in Commercial vehicles and exports to drive revenue decline in 2017. Current estimates already built in new segment growth. We lower EPS estimates for FY2017-19 by 5-7 per cent.