Buy Somany Ceramics Ltd & Bharat Forge Ltd

Buy Somany Ceramics Ltd & Bharat Forge Ltd

Somany Ceramics Ltd (SOCE):

Somany Ceramics Ltd (SOCE) has officially announced a consolidated sales of Rs. 169.42 Cr for the quarter ended on 30-06-2020, which is 52.10%, down from its previous quarter sales of Rs. 353.72 Cr and -56.86%, down from its previous year same quarter sales of Rs. 392.37 Cr. The firm has also announced its net profit after tax of Rs. -26.37 Cr in the most recent quarter.

Outlook:

Somany Ceramics Ltd (SOCE) is a buy call with a target of Rs. 304.

Bharat Forge Ltd (BFRG):

Bharat Forge Ltd (BFRG) has officially announced a consolidated sales of Rs. 1,154.21 Cr for the quarter ended on 30-06-2020, which is 33.74%, down from its previous quarter sales of Rs. 1,741.92 Cr and -50.42%, down from its previous year same quarter sales of Rs. 2,327.86 Cr. The firm has also announced its net profit after tax of Rs. -125.42 Cr in the most recent quarter.

Outlook:

Bharat Forge Ltd (BFRG) is a buy call with a target of Rs. 500.

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