17 Nov 2025 | 5 Mins Read
UBS warns Bharat Forge shares may decline 12%
Flipitmoney
UBS maintains a "sell" call on Bharat Forge with a ₹1,230 price target, predicting an 11.9% potential downside. The brokerage firm notes weakness in the auto segment and softer third quarter expectations, while defence and aerospace businesses show potential growth. Chairman Baba Kalyani prioritizes Indian market growth through inorganic opportunities.