Weak demand in core segments hurts earnings

Company
18 Nov 2024
5 Min read 
  • Bharat Forge's stock estimate has changed to INR 1,320 from INR 1,329.
  •  The company's performance was below estimates due to lower growth in domestic business and export decline.
  •  Weak demand in core segments has impacted the company's earnings.
  •  Defense and JS AutoCast segments are expected to be key growth pillars.
  •  The stock appears fairly valued at the current valuation.
  •  The company's subsidiaries continue to face challenges, impacting the overall performance.
Login / Open Demat Account to read the report

Never Miss Out on Hot Market Updates

Get exclusive market news delivered to your inbox - on priority