Bharat Forge Shares Gain Most In At Least A Year Despite Q1 Profit Miss

Shares of Bharat Forge Ltd. rose the most in at least a year even as the company's net profit missed analyst estimates in the first quarter.

Shares of the company rose 8.4%, the most in at least a year, to Rs 798 apiece before ending 7.3% higher on Friday.

Of the 32 analysts tracking the company, 25 maintain 'buy', two suggest 'hold' and five recommend 'sell'. The overall consensus price of analysts tracked by Bloomberg implies an upside of 3.4%.