Bharat Forge Ltd
BHARATFORG

943.45

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Turnover (lac)
Prev. Close ()
Day's Vol.(shares)

941.75

Open ()
Turnover (lac)
Prev. Close ()
Day's Vol.(shares)

944.35

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Reco. Price
Rs 937.00

Last updated on 17-Jan-2017

We recommend sell on account of export business overhang on company’s growth and profitability. Further, delayed demand recovery from domestic industry will impact topline. The stock is expensive trading at ~29x FY17E P/E. (Target: Rs 845)
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50 DMA (.)
919.86
100 DMA (.)
904.78
200 DMA (.)
838.75
Weekly Range (.)
932.60
956.80
Monthly Range (.)
870.30
972.00
52 Weeks Range (.)
682.00
1,008.45
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