Profit

BSE Code: | NSE Code: | ISIN: | Sector:

NSE
489.20
Change Change %
8.40 1.75%

Updated:22 Feb, 2019, 15:54 PM IST

BSE
487.95
Change Change %
8.20 1.71%

Updated:22 Feb, 2019, 16:01 PM IST

Research Report Detail

Brokerage
Analyst
Report Date Call Price@Call Target Price
Stop Loss
Current Status Time Horizon
Nomura
N/A
09-06-2017 Sell 1185.05 854.00
N/A
Target Hit Long (1Y)
09-06-2018

Nomura maintains reduce on Bharat Forge

Nomura has maintained reduce on Bharat Forge for target price of Rs 854. It says order inflows for class 8 trucks in North America (NA), according to news reports stood at 18,600 units in May 2017, up 18 per cent y-o-y, on a low base. However, orders were down 30 per cent m-o-m and much lower than the past three months' run-rate of 23,000 - indicating slowdown in momentum.

Top