Bharat Forge Ltd (BHARATFORG)

Bharat Forge Could Benefit from Increased Budget Allocation for Defence - 23 Jul, 2024

Bharat Forge's financial performance shows an 8% increase in revenue but an 11% decrease in net profit. The government of Singapore acquired a 1.24% stake worth Rs. 936.9 crores. Increased budget allocation for defence could benefit the company along with HAL, BEL, Mazagon Dock and Paras Defence.

Bharat Forge Reports Strong Sales, Family Dispute Likely Resolved - 22 Jul, 2024

Bharat Forge's Q4 FY24 consolidated sales were reported at Rs 4219.04 crore with a YoY growth of 14.43%. The Kalyani family trust dispute is expected to be resolved through court-monitored mediation.

Bharat Forge Stock Trades High; Strong Growth Predicted for FY25 - 15 Jul, 2024

Bharat Forge's stock is trading high at Rs 1619.35, up by 14.67% in the past month. Joint MD Amit Kalyani predicts strong growth for FY25 and ROC to cross 20% mark in next 2 years.

Bharat Forge among anticipated best performers in Q1 - 12 Jul, 2024

According to a brokerage, Bharat Forge is expected to be one of the top-performing companies in Q1 due to increased content and ramp-up in the defense sector. The company's revenue success will be supported by underlying industry development, while sequential growth in margin will accelerate with increased scale.

Class 8 Truck Orders in North America Fall to a 14-Month Low - 04 Jul, 2024

Bharat Forge, a defence-to-auto component supplier with a presence in the Class 8 trucks market in North America, may be impacted by the decline in Class 8 truck orders. In June, orders fell to a 14-month low of 13,100 units, marking the first year-on-year decline in 2024.

Bharat Forge's Diversified Portfolio and Global Presence Boosts Stock Performance - 26 Jun, 2024

Bharat Forge's diversified product portfolio, global presence, and strong focus on exports have helped the stock outperform the Nifty Auto index. The transfer of its defence business to a wholly-owned subsidiary could unlock potential value, while orders for ATAGS in India may boost domestic order inflow. However, erratic performance from subsidiaries and high valuation multiples are concerns.

Bharat Forge Calls for Innovative Approach to EVs - 25 Jun, 2024

Bharat Forge's vice-chair and joint managing director, Amit Kalyani, has called for an innovative approach to electric vehicles in India that is not based on copying China's battery-based model. He highlighted the potential of incorporating inductive electric charging as highway infrastructure takes shape around the country, which could significantly impact sales of EVs by reducing their cost.