Bharat Forge Share Price: The war between Russia and Ukraine is expected to increase spending on the defense sector around the world. Hence, it would be better to bet on some good quality defense stocks, which are currently trading at attractive valuations. According to experts, Bharat Forge is one such stock, which can be considered for inclusion in the portfolio. He said Bharat Forge also has a presence in the railways, construction and mining sectors, where the Government of India’s policy of increasing spending on infrastructure can benefit it in the long run.
chart showing positive in short term
Sumeet Bagadia, Executive Director, Choice Broking, advised investors to adopt a ‘buy on the downside’ strategy and said, “Bharat Forge shares are looking positive on the charts. However, today the stock has gained a bit. So, investors should wait for some profit-booking in this and buy when there is a slight downside.” He said that the shares of Bharat Forge can go in the range of Rs 700 to Rs 725 in the near term and can be bought with a stop loss of Rs 645.
Bharat Forge Long Term Bet!
At the same time, Avinash Gorakshakar of Profitmart Securities said, “After the Russia-Ukraine crisis, a new global order is expected and defense spending is expected to increase across the world. Hence, companies like Bharat Forge should be aware of this new churn. Apart from this, the company also has presence in Railways, Manufacturing, Energy and Mining sectors, as the Government of India has announced in its budget 2022 to focus on infrastructure sector. However, it will take time to see its impact on the company’s balance sheet. Hence, investors should consider adding this stock to their portfolio keeping in mind the medium to long term.”
Also read- This brokerage firm expects Nyka’s shares to climb 50%, know what it said
What did Motilal Oswal say?
According to a report by Motilal Oswal, the shares of Bharat Forge can go to the level of Rs 860 in the next one year, which is about 25 to 30 percent more than its current price. Motilal Oswal in its report said, “Bharat Forge (BHFC) is expected to witness a sharp recovery in the next 2-3 years on the back of cyclical recovery in key businesses and increased contribution from new businesses. Simultaneously, a boom in overseas aluminum forgings business.” likely to come.”
Bharat Forge Share Price
The shares of Bharat Forge were trading at a price of Rs 681 with a jump of 0.90 percent at around 2:30 pm on Thursday, March 17. This stock has gained 6.67% in the last 5 days, which is showing the increasing interest of investors in it. Although the stock has declined 4.22 per cent since the beginning of the year 2022, while it has given a return of 15.20 per cent to its investors in the last one year.
Disclaimer: The views expressed on moneycontrol.com are the personal views of the experts. Website or management is not responsible for this. Money Control advises users to consult a certified expert before taking any investment decision.
,