Bharat Forge puts up a strong show in Q4, but valuations remain pricey
3 years, 7 months ago

Bharat Forge puts up a strong show in Q4, but valuations remain pricey

Live Mint  

For Bharat Forge Ltd, the fourth-quarter numbers all prove a point: the company is making the most of the global post-pandemic recovery. Little surprise then that its Q4 results beat revenue and operating profit estimates of the Street, sending the BFL stock more than 7% higher post results on Friday. While the firm’s volume growth in the March quarter of 39% was in line with the Street’s expectations, much of the increase in revenue is due to higher realizations. A part of Bharat Forge’s global business has been impacted due to the drop in oil prices last quarter and the subsequent low capital expenditure in oil and gas. “While domestic commercial vehicle business will be impacted in the first half, we see a sharp pick-up in the second half on the back of economic recovery,” said Abhishek Jain, analyst, Dolat Capital Markets.

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History of this topic

Bharat Forge Share Price Today on 28-11-2024: Bharat Forge share price are up by 1.12%, Nifty down by -0.74%
1 month, 2 weeks ago

Bharat Forge Share Price Today on 28-11-2024: Bharat Forge share price are up by 1.12%, Nifty down by -0.74%

Live Mint  

Bharat Forge Share Price Today on 28-11-2024: At 28 Nov 11:26 today, Bharat Forge shares are trading at price ₹1340.3, 1.12% up from the previous closing price. On the technical front, the stock is trading above the 5,10 days SMA & lower than the 20,50,100,300 day SMA. The stock will have support at 5,10 days SMA & face resistance at …

Bharat Forge Share Price Today on 26-11-2024: Bharat Forge share price are up by 0.77%, Nifty down by -0.05%
1 month, 2 weeks ago

Bharat Forge Share Price Today on 26-11-2024: Bharat Forge share price are up by 0.77%, Nifty down by -0.05%

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Bharat Forge Share Price Today on 26-11-2024: At 26 Nov 11:29 today, Bharat Forge shares are trading at price ₹1329.3, 0.77% up from the previous closing price. The stock will have support at 5 days SMA & face resistance at 10,20,50,100,300 days SMA The SMA values for the stock are given below : Days Simple Moving Average 5 1313.43 10 …

Bharat Forge Share Price Today on 25-11-2024: Bharat Forge share price are up by 2.14%, Nifty up by 1.72%
1 month, 2 weeks ago

Bharat Forge Share Price Today on 25-11-2024: Bharat Forge share price are up by 2.14%, Nifty up by 1.72%

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Bharat Forge Share Price Today on 25-11-2024: At 25 Nov 11:04 today, Bharat Forge shares are trading at price ₹1343.95, 2.14% up from the previous closing price. The stock will have support at 5 days SMA & face resistance at 10,20,50,100,300 days SMA The SMA values for the stock are given below : Days Simple Moving Average 5 1313.43 10 …

Froth clears from Bharat Forge’s valuation, but it lags on a crucial metric
1 month, 2 weeks ago

Froth clears from Bharat Forge’s valuation, but it lags on a crucial metric

Live Mint  

The euphoria in Bharat Forge Ltd has subsided. Valuing a company’s performance based on EV/Ebitda gives a better picture of valuations unless one looks at replacement cost-based valuation based on EV per tonne. The order book at the end of Q2FY25 stood at nearly ₹6,000 crore, which should help achieve the stated growth targets for the current year and next …

Bharat Forge Q2 Results 2024: Profit Rises 7.2% YOY Amid Revenue Decline
1 month, 3 weeks ago

Bharat Forge Q2 Results 2024: Profit Rises 7.2% YOY Amid Revenue Decline

Live Mint  

Bharat Forge Q2 Results 2024:Bharat Forge declared its Q2 results for 2024 on November 14, 2024. This increase in operating income highlights the company's ability to manage its core business effectively despite the challenges faced in revenue generation. Overall, Bharat Forge's Q2 results showcase a mixed performance with profits rising, yet revenue facing challenges. Bharat Forge Financials Period Q2 Q1 …

Bharat Forge Q2 Results: Net profit rises 13.5% YoY to ₹243 crore, revenue down 2.3%
1 month, 4 weeks ago

Bharat Forge Q2 Results: Net profit rises 13.5% YoY to ₹243 crore, revenue down 2.3%

Live Mint  

Bharat Forge on Thursday, November 14, released its September quarter results, reporting a consolidated net profit of ₹243 crore, a 13.55% increase from ₹214 crore in the same period last year. During the quarter, the group secured new orders worth ₹1,207 crore across defence, ferrous and aluminium castings, and core forging. The total order wins for H1 FY25 amounted to …

Stocks to buy or sell: Osho Krishan of Angel One suggests buying Bharat Forge, CAMS today
2 months ago

Stocks to buy or sell: Osho Krishan of Angel One suggests buying Bharat Forge, CAMS today

Live Mint  

Stock Market News: The domestic benchmark indices, Sensex and Nifty 50, began the day with a slight decrease on Thursday following Donald Trump's win, while foreign institutional investors continued to be net sellers in the Indian market. Nifty 50 Outlook by Osho Krishan, Sr. Analyst, Technical & Derivatives, Angel One The Indian equity markets had a robust trading session, bolstered …

This large-cap firm announces 75% interim dividend, fixes record date
2 years, 1 month ago

This large-cap firm announces 75% interim dividend, fixes record date

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Large-cap stock Bharat Forge's shareholders are in for a treat as the company on Monday announced an interim dividend of 75%. As per the regulatory filing, Bharat Forge declared an interim dividend of ₹1.50 per equity share having a face value of ₹2 each of the company --- at the rate of 75%. The company fixed November 25 as the …

Bharat Forge share: Experts see 30% upside in defense stock. Do you own?
2 years, 9 months ago

Bharat Forge share: Experts see 30% upside in defense stock. Do you own?

Live Mint  

Bharat Forge share: In the wake of Russia-Ukraine war, defense expenditure across globe is expected to shot up and hence it can be a good idea to look at quality defense stocks available at attractive valuations. Bharat Forge share price may hit ₹700 and ₹725 in short term." Suggesting positional investors to add this defense stock for long term; Avinash …

Bharat Forge: odds stack up; risk to earnings growth now higher
4 years, 8 months ago

Bharat Forge: odds stack up; risk to earnings growth now higher

Live Mint  

Bharat Forge Ltd’s mounting challenges echo the global impact of the covid-19 pandemic. Given that the CV sector accounts for about one-fourth of stand-alone revenue, disappointing sales and bleak outlook for the coming quarters have dampened investor sentiment for Bharat Forge. A report by Edelweiss Securities Ltd forecasts that Bharat Forge is unlikely to see growth in FY21, notwithstanding the …

Bharat Forge Q4 net profit jumps threefold to ₹299.5 crore
5 years, 7 months ago

Bharat Forge Q4 net profit jumps threefold to ₹299.5 crore

Live Mint  

Auto components major Bharat Forge Monday reported a nearly threefold jump in its standalone net profit to ₹299.5 crore for the March quarter. The company had posted a standalone net profit of ₹100.33 crore in the corresponding quarter a year ago, Bharat Forge said in a regulatory filing. For the full year 2018-19, the firm's consolidated net profit stood at …

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