Wednesday, July 7, 2021

BHARATFORG | Stock Analysis & Price Outlook

 

investment , finvestonline.com

Bharat Forge Limited 

CMP 792


➽  Bharat Forge Limited, the Pune based Indian multinational is a technology-driven global leader in metal forming having trans-continental presence across a dozen manufacturing locations, serving several sectors including automobile, power, oil and gas, rail & marine, aerospace, construction & mining, etc.The company manufactures a wide range of safety and critical components for the automotive & non-automotive sector. 


➽ Key Stat

Growth in Net Profit with increasing Profit Margin (QoQ)

Increasing Revenue every quarter for the past 3 quarters

Company with Zero Promoter Pledge

FII / FPI or Institutions increasing their shareholding

Strong Momentum: Price above short, medium and long term moving averages


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➽ Recent Shareholdings

Promoters holding remains unchanged at 45.76% in Mar 2021 qtr

Mutual Funds have increased holdings from 10.63% to 10.7% in Mar 2021 qtr.

Number of MF schemes increased from 26 to 27 in Mar 2021 qtr.

FII/FPI have increased holdings from 23.46% to 24.94% in Mar 2021 qtr.

Number of FII/FPI investors increased from 448 to 455 in Mar 2021 qtr.

Institutional Investors have increased holdings from 36.07% to 37.39% in Mar 2021 qtr.

 Technical & Price Levels

Mid range performer: Stock with medium financial performance with average price momentum and valuation. These stocks may be affordable and are showing some investors interest.

Strong Momentum: Price above short, medium and long term moving averages.

Today stock break important resistance of 784 with good volume . Now the stock entered into the blue zone and can show further more higher levels. So long position can be made for the upside levels of 868 in short term and 1014 in mid term.

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Thanks for your Precious Time.


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