BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
|Target Hit|| Long (1Y)
CLSA upgrades Bharat Forge to buy
CLSA has upgraded Bharat Forge to "buy" from "sell" earlier with a target price of Rs 1,200. We see likelihood of a cyclical recovery. New business' contribution could increase post FY2018. We believe the stock can deliver 70 per cent return in next two and half years.