Profit

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

NSE
589.05
Change Change %
-0.75 -0.13%

Updated:16 Nov, 2018, 14:24 PM IST

BSE
590.00
Change Change %
0.65 0.11%

Updated:16 Nov, 2018, 14:52 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.

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