NDTV Profit's special research section collates quality and in-depth equity and economy research reports from across India's top brokerages, asset managers and research agencies. These reports offer NDTV Profit's subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Motilal Oswal Report
Motilal Oswal reiterates its Neutral stance on Bharat Forge Ltd. and has set a target price of Rs 1,835 per share, valued at 38 times FY28E earnings per share.
The GST rate cut has helped revive the domestic auto business, which augurs well for Bharar Forge. Further, the US Class8 cycle appears to have bottomed out now, with early signs of revival.
Defense, aerospace, and JSA are likely to remain the key growth drivers for Bharat Forge in the coming years.
Motilal Oswal now expect Bharat Forge to post a CAGR of 16%/22%/39% in revenue/ Ebitda/PAT over FY26-28E. However, following the recent rally in the stock, most positives seem to be factored in (valuation now at 55.9x FY27E EPS and 41.2x FY28E EPS).
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
