Buy Bharat Forge Ltd, Hold Kajaria Ceramics Ltd

Buy Bharat Forge Ltd, Hold Kajaria Ceramics Ltd

Bharat Forge Ltd (BFRG):

Bharat Forge Ltd (BFRG) has officially announced a consolidated sales of Rs. 1,741.92 Cr for the quarter ended on 31-03-2020, which is -4.86%, down from its previous quarter sales of Rs. 1,830.86 Cr and -34.78%, down from its previous year’s same quarter sales of Rs. 2,670.78 Cr. The firm has also announced its net profit after tax of Rs. -47.18 Cr in the most recent quarter.

Outlook:

Bharat Forge Ltd (BFRG) is a buy call with a target of Rs. 385.

Kajaria Ceramics Ltd (KAJR):

Kajaria Ceramics Ltd (KAJR) has officially announced a consolidated sales of Rs. 652.04 Cr for the quarter ended on 31-03-2020, which is -12.04%, down from its previous quarter sales of Rs. 741.30 Cr and -20.03%, down from its previous year’s same quarter sales of Rs. 815.31 Cr. The firm has also announced its net profit after tax of Rs. 48.82 Cr in the most recent quarter.

Outlook:

Hold Kajaria Ceramics Ltd (KAJR) with a target of Rs. 389.

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