ICICI Securities: Bharat Forge - Expectation Hurdle Remains Steep

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..ICICI Securities Report.We are admirers of Bharat Forge Ltd. for its focus on quality and innovation, yet the truth is its key business segments (commercial vehicle, passenger vehicle, Oil and Gas) are cyclical, which are currently in differing demand rebound cycles.Management is trying to pivot and create a larger pie of revenues from stable segments like defence, aerospace etc.Aerospace segment outlook remains uncertain due to Covid-19 pandemic; however, recent defence procurement policy shift has raised investor confidence in Company’s potential to win artillery guns’ orders. .Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the brokerage and do not represent the views of BloombergQuint. .Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

ICICI Securities: Bharat Forge - Expectation Hurdle Remains Steep

ICICI Securities: Bharat Forge - Expectation Hurdle Remains Steep

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