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Monday, July 12, 2010

BHARAT FORGE Q1FY11 Is Expected Good Stay Invested

BHARAT FORGE Q1FY11 Is Expected Good Stay Invested,

The second largest forging company in the world, Bharat Forge.
It scaled new high of Rs.328.55, since the buzz around this company remains very positive.

Almost all brokerage houses have put out a ‘buy’ for this stock.

The company is making moves to increase its presence in the non automotive sector, which is largely related to energy, infrastructure, marine and railways. The company has entered into deals with Alsthom and Areva and both these are expected to start adding on to the revenues from 2012.

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