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Bharat Forge Ltd.
Share Price Target & Analysis

NSE:BHARATFORG

1453.37

VWAP

1439.05

Open

1440.85

Close

1467.45

High

1431.00

Low

1474.40

52 Week High

1462.70 ⇧
21.85 (1.52%)

BHARATFORG

(INDUSTRIAL MANUFACTURING)
98.4% Momentum

Trending & Favourite

752.85

52 Week Low

30.61

EPS

44.35

PE

7.95

PB

Economical
Quality

Gold
Valuation

#Analysis

NSE: BHARATFORG Share Price Financial Analysis & Valuation

Bharat Forge Ltd. (BHARATFORG) is broadly categorized in INDUSTRIAL MANUFACTURING segment industry which deals in Castings & Forgings vertical. It is one of Mid Cap company with Market Capitalization of Rs 33422.3 (in Cr). Total number of free float shares are 46.6 (in Lacs). Bharat Forge Ltd. is listed on NSE with Exchange ID - INE465A01025 and trading code is NSE:BHARATFORG with short name Bharat Forge.

Bharat Forge Ltd. is also traded in Future & Options (Derivative segment of NSE).

In the past 1 year, Bharat Forge Ltd. has declared an equity dividend of Rs 9 per share. At the current share price of BHARATFORG at Rs 1462.70, this results in a dividend yield of 0.62 %.

As per the Fundamental Analysis of NSE:BHARATFORG, which uses revenues, earnings, future growth, financial ratios, return on equity, profit margins, and other data to determine BHARATFORG underlying value and future prospects. All of this data is available in BHARATFORG financial statements.

Quality of the Stock: As per the fundamental analysis of NSE:BHARATFORG, it is clearly understood that BHARATFORG is Economical performer in terms of earnings and profit margins with an EPS of 30.61. NSE:BHARATFORG book value per share as of today is 184.04. The current price to book ratio for BHARATFORG as of May 16, 2024 is 7.95.

Valuation of the Stock: The current valuation of BHARATFORG stock is like Gold which means currently the stock is Overpriced. Now, it's totally depends upon the risk appetite of an investor and risk-reward ratio of BHARATFORG whether to BUY this stock at current valuation. The delivery percentage of BHARATFORG is 49.22% is very crucial parameter which shows that 49.22% investors are anticipating that the price of BHARATFORG share should go up with VWAP at 1453.37.

Now, the main question is whether to BUY or SELL, NSE:BHARATFORG at current valuation.
As per latest Analysis No. #670:-

⇑ STRONG BUY BHARATFORG if All Greens

⇗ BUY BHARATFORG (at Lower Levels) if any 2 Greens

⇒ NEUTRAL or HOLD BHARATFORG (With Stop Loss) if only 1 Green

⇘ SELL BHARATFORG if NO Green Indicator

NSE: BHARATFORG Share Price Today (May 16, 2024)

(Bharat Forge Ltd. Daily Analysis on the basis of BHARATFORG Intraday Graph & Trend)

Bharat Forge Ltd. share price moved Up by 1.52% from its previous close of Rs 1440.85. BHARATFORG stock last traded price is 1462.70. BHARATFORG share price trend is Up with a total of 888218 stocks traded till now. It has touched an intraday high of Rs 1467.45 and an intraday low of Rs 1431.00. The BHARATFORG trading at 1462.70, Up by Rs. 21.85, or 1.52 percent which suggests that most of the Traders are anticipating that the price of BHARATFORG share should go Up.

NSE: BHARATFORG Share Price Tomorrow Prediction

(Bharat Forge Ltd. Share Price Prediction for Tomorrow & future forecast is based on Current Trend of BHARATFORG)

Bharat Forge Ltd. share price moved Up by 1.52%. BHARATFORG share price short term trend is Up. It suggests that BHARATFORG Share Price for Tomorrow remains the same with VWAP at 1453.37 will be treated as stop loss for intraday traders. Bharat Forge Ltd. Long term investors can follow the BHARATFORG long term trend as mentiond in future forecast table.

NSE Code

NSE: BHARATFORG

BHARATFORG Share Price Today

 1462.70

BHARATFORG Share Price Target Prediction for 2024 ^

 1071.4 - 1481.7

BHARATFORG Share Price Target Prediction for 2025*^

 1481.7 - 1578.5

BHARATFORG Share Price Target Prediction for 2026*^

 1578.5 - 1689

BHARATFORG Share Price Target Prediction for 2027*^

 1773

BHARATFORG Share Price Target Prediction for 2028*^

 1824

BHARATFORG Share Price Target Prediction for 2030*^

 1988
BHARATFORG Current Book Value 2023
183.1

*Bharat Forge Ltd. Short Term & Long Term share price target is based on current financial year earings of the company.
^BHARATFORG share price target prediction for 2024 2025 & 2026 to 2030 is based on current market scenario, future forecast & growth assumptions, they might change subject to market sentiments.

BHARATFORG Technical Analysis

Candlestick Pattern: @1462.7

BHARATFORG Moving Averages

BUY (14) NEUTRAL (0) SELL (0)
MA Simple Action S1 Expo Action E2
MA_5 1426 BUY 1420.28 BUY
MA_12 1339.47 BUY 1353.91 BUY
MA_20 1295.89 BUY 1316.16 BUY
MA_32 1235.29 BUY 1271.14 BUY
MA_50 1206.95 BUY 1244.19 BUY
MA_100 1207.93 BUY 1208.17 BUY
MA_200 1135.09 BUY 1125.39 BUY

BHARATFORG Trend Oscillators

BUY (4) NEUTRAL (0) SELL (0)
Trend Oscillators Value Action
Bollinger Bands 1295.89 Uptrend
MACD 17.6 BUY
ADX 30.57 Strong Trend
DMI (+/-) 39.2 / 12.39 Uptrend

BHARATFORG Momentum Oscillators

BUY (9) NEUTRAL (3) SELL (0)
Momentum Oscillators Value Action
RSI 78.38 Overbought
STOCHASTIC_K (Fast) 94.96 Overbought
STOCHASTIC_D (Slow) 87.1 Overbought
CCI 116.73 BUY
PSAR 1224.75 BUY
TRUE RANGE 36.45 Neutral
ATR 49.5 Neutral
WILLIAMS R -4.41 Overbought
TRIX 0 Neutral
STOCHASTIC RSI K 100 Overbought
STOCHASTIC RSI D 95.76 Overbought
MOMENTUM 293.65 BUY

BHARATFORG Last 1 Year Trend

Duration Value
1 Year 87.96%
3 Months 13.81%
1 Month 25.12%
1 Week 4.1%

BHARATFORG Technical Analysis Summary

Updated on 2024-05-15
Action Overall (%)
BUY 90%
NEUTRAL / HOLD 10%
SELL 0%

Most popular Questions & Answers about BHARATFORG


Bharat Forge Ltd. stock last traded price is 1462.70. BHARATFORG share price moved Up by 1.52% from its previous close of Rs 1440.85.

Bharat Forge Ltd. share price trend is Up with a total of 888218 stocks traded till now. It has touched an intraday high of Rs 1489.144 and an intraday low of Rs 1431.00. The BHARATFORG trading at 1462.70, Up by Rs. 21.85, or 1.52 percent which suggests that most of the Traders are anticipating that the price of BHARATFORG share should go Up and the Stop Loss will be around 1453.37.

The market cap of Bharat Forge Ltd. is ₹33422.3 (in Cr) as of May 15, 2024.

The current price to earning ratio for Bharat Forge Ltd. as of May 15, 2024 is 44.35.

The current price to book ratio for Bharat Forge Ltd. as of May 15, 2024 is 7.95.

The highest price of Bharat Forge Ltd. stock is ₹1474.40 in the last 52-week.

The lowest price of Bharat Forge Ltd. stock is ₹752.85 in the last 52-week.

Bharat Forge Ltd. share trading at ₹1462.70, Up by Rs. 21.85, or 1.52 percent which suggests that most of the traders are anticipating that the price of BHARATFORG share should go Up.

In 2023, Stock price target for Bharat Forge Ltd. (BHARATFORG) are ₹1071.4 on downside and ₹1481.7 on upside. Bharat Forge Ltd. share price target is based on current financial year earings of the company.

In 2024, Stock price target for Bharat Forge Ltd. (BHARATFORG) are ₹1481.7 on downside and ₹1578.5 on upside. Bharat Forge Ltd. share price target is based on forecasted future earnings of the company.

In 2025, Stock price target for Bharat Forge Ltd. (BHARATFORG) are ₹1578.5 on downside and ₹1689 on upside. Bharat Forge Ltd. share price target is based on Discounted Cash Flow (DCF) method uses the projected future cash flows of the business.

In next five years, Stock price target for Bharat Forge Ltd. (BHARATFORG) will be around ₹1824 Bharat Forge Ltd. share price target is based on market scenario & growth assumptions, they might change subject to market sentiments and forecasted future earnings of BHARATFORG.

As per the fundamental analysis of Bharat Forge Ltd. (BHARATFORG), it is of Economical quality in terms of earnings and profit margins with an EPS of 30.61. Bharat Forge Ltd. book value per share as of today is 184.04. The current price to book ratio for BHARATFORG as of May 16, 2024 is 7.95.


NSE:BHARATFORG News & Other Useful Information about BHARATFORG Share Price


Peer Comparison of NSE: BHARATFORG

The Peers list includes companies operating in the same industry and having comparable market cap.

Sector: Castings & Forgings

Company Price EPS BV
STEELCAS 667.45 37.47 106.33
BHARATFORG 1462.70 30.61 184.04
AIAENG 3755.45 103.11 580.26
RKFORGE 715.10 18.04 73.48
JAYNECOIND 49.30 2.16 23.31
ELECTCAST 169.40 11.91 68.71
MMFL 1139.00 55.93 285.3
ALICON 868.40 25.44 292
NELCAST 145.95 6.25 59.68
LGBFORGE 10.75 0 1.27
Updated at: 15 May 2024 15:58

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