# Bharat Forge (BHARATFORG) — Stock analysis

> Faxioms all-in-one stock review. Canonical page: https://faxioms.com/stocks/bharatforg

## Current market snapshot

- Exchange: NSE
- Country: India
- Price: ₹1,740
- Change: -0.74%
- As of: 2026-11-06
- 1D return: -0.74%
- 5D return: +1.16%
- 1M return: -2.83%
- Latest complete quarter: fy27_q2

## Faxioms Analysis

_As of 2026-11-06_

### Technical Outlook

As of the close on 5 November 2026, BHARATFORG is trading at ₹1753.00, reflecting a sharp intraday reversal from an opening high of ₹1884.70 to a low of ₹1740.00. The daily technical structure is bearish: price sits below all key moving averages (20-day and 50-day EMAs/SMAs) and the Supertrend indicator, with an ADX of 32.39 confirming established trend strength. This short-term weakness contrasts with the monthly horizon, where the price remains above its 20-day EMA and Supertrend, suggesting the longer-term uptrend is intact but currently under pressure.

Participation was notable on 5 November, with volume 4.75 times the average during a -3.3% decline, signaling significant selling interest. The stock is positioned in the lower-middle of its 20-day range (+35.5%) and near the lower end of its 50-day range (+17.1%). Immediate resistance lies at ₹1756.63 (0.21% above), while support is found at ₹1700.47 (-3.00% below). With annualized volatility at +31.3% and a current drawdown of -22.6%, risk remains elevated. A break above ₹1756.63 would be required to challenge the immediate bearish bias, while a sustained move below ₹1700.47 could signal further downside toward ₹1693.00.

- Daily Trend: Bearish; price below all major MAs and Supertrend (ADX 32.39), contrasting with monthly bullish positioning.
- Price Action: Closed at ₹1753.00 after a wide intraday range (High ₹1884.70 / Low ₹1740.00); -3.3% daily return.
- Key Levels: Resistance at ₹1756.63 (+0.21%); Support at ₹1700.47 (-3.00%) and ₹1693.00 (-3.42%).
- Risk & Volatility: Annualized volatility +31.3%; current drawdown -22.6%; volume surged 4.75x on the down day.

- Outside Bar
- Harami
- Inside Bar
- Doji

### News Context

Bharat Forge reported Q2 FY27 results on November 5, 2026, revealing a divergence between top-line growth and bottom-line performance. Revenue increased by 21% to ₹4,870 crore, yet net profit declined by 8% to ₹276 crore, primarily due to higher costs. The company also announced a ₹290 crore investment in its subsidiary Kalyani Strategic Systems for expansion and technology development, while securing new orders worth ₹2,107 crore that raised its defence order book to ₹10,960 crore.

Market reaction was negative; shares fell 4% on November 6 following the results, with weak overseas business cited as a key driver of the profit dip. In response to these developments, brokerages have cut their target prices for the stock. This contrasts with broader market sentiment on November 5, where Indian equities extended their winning streak, though Bharat Forge’s specific earnings highlighted profit declines amidst general sectoral variation.

- Q2 Profitability: Net profit fell 8% to ₹276 crore despite a 21% revenue rise to ₹4,870 crore, driven by higher costs and weak overseas business.
- Defence Growth: New orders of ₹2,107 crore bolstered the defence order book to ₹10,960 crore, alongside a ₹290 crore investment in subsidiary Kalyani Strategic Systems.
- Market Reaction: Shares dropped 4% on November 6 post-results, prompting brokerages to reduce target prices.

- [Q2 results impact: Bharat Forge shares fall 4% after profit dips amid weak overseas business; brokerages cut target prices](https://www.moneycontrol.com/news/business/markets/q2-results-impact-bharat-forge-shares-fall-4-after-profit-dips-amid-weak-overseas-business-brokerages-cut-target-prices-14072598.html)
- [Top 10@10 | D-Street soars, Wall Street cheers Democrat sweep, Ronaldo retires](https://www.cnbctv18.com/business/top-1010-d-street-soars-wall-street-cheers-democrat-sweep-ronaldo-retires-20028356.htm)
- [Bharat Forge net profit down 8% on higher cost](https://www.thehindubusinessline.com/companies/bharat-forge-net-profit-down-8-on-higher-cost/article71670184.ece)
- [Q2 Results 05th Nov Oct Highlights: M&M, NBCC, IPCA Lab, Bharat Forge, LG Electronics, Uno Minda & Amagi Media Q2 profit up, Samvardhana Motherson profit down q-o-q, Bharti Airtel, LIC, Titan, ONGC, Britannia, Prestige Estates, Fortis Healthcare, Abbott to announce Q2 results](https://www.thehindubusinessline.com/markets/q2-results-today-highlights-bharti-airtel-lic-titan-mm-ongc-samvardhana-britannia-lg-bharat-forge-prestige-fortis-abbott-india-bse-biocon-apollo-lesnkart-nykaacompany-results-05-november-2026/article71668559.ece)
- [Top stocks to watch today: Bharti Airtel, LIC, Nykaa, Torrent Power shares in focus on Thursday, 5 Nov | Full list](https://www.livemint.com/market/stock-market-news/top-stocks-to-watch-today-bharti-airtel-lic-nykaa-torrent-power-shares-in-focus-on-thursday-5-nov-full-list-11793843425775.html)

### What Changed

Bharat Forge reported an 8% decline in net profit to ₹276 crore for the September quarter, driven by higher costs despite a 21% revenue increase to ₹4,870 crore. The company secured new orders worth ₹2,107 crore, bolstering its defence order book to ₹10,960 crore, and announced a ₹290 crore investment in subsidiary Kalyani Strategic Systems. Following these Q2 results, shares fell 4% to ₹1,753 on November 5, 2026, from a previous close of ₹1,812.80, as brokerages cut target prices due to weak overseas business performance. On the same day, the Board reviewed a fine levied by exchanges for a delayed XBRL filing, submitting a waiver application with no decision yet reported. Additionally, CARE Ratings confirmed nil deviation in the utilization of QIP proceeds, with Rs. 68.33 crore utilized during the quarter.

- Q2 Profit Dip: Net profit fell 8% to ₹276 crore in the September quarter due to higher costs, even as revenue rose 21% to ₹4,870 crore; shares dropped 4% to ₹1,753 following the announcement.
- Defence Order Book Growth: New orders of ₹2,107 crore were secured, increasing the total defence order book to ₹10,960 crore, alongside a ₹290 crore investment in Kalyani Strategic Systems.
- Regulatory Fine Waiver: The Board endorsed grounds for waiving a Rs. 11,800 fine (Rs. 10,000 + GST) related to a delayed XBRL filing; the exchange has not yet decided on the waiver application submitted on October 30, 2026.
- QIP Utilization Monitoring: CARE Ratings reported nil deviation in QIP fund usage for the quarter ended September 30, 2026, with Rs. 68.33 crore utilized against Rs. 1,964.43 crore in net proceeds.

- [Q2 results impact: Bharat Forge shares fall 4% after profit dips amid weak overseas business; brokerages cut target prices](https://www.moneycontrol.com/news/business/markets/q2-results-impact-bharat-forge-shares-fall-4-after-profit-dips-amid-weak-overseas-business-brokerages-cut-target-prices-14072598.html)
- [Top 10@10 | D-Street soars, Wall Street cheers Democrat sweep, Ronaldo retires](https://www.cnbctv18.com/business/top-1010-d-street-soars-wall-street-cheers-democrat-sweep-ronaldo-retires-20028356.htm)
- [Bharat Forge net profit down 8% on higher cost](https://www.thehindubusinessline.com/companies/bharat-forge-net-profit-down-8-on-higher-cost/article71670184.ece)
- [Q2 Results 05th Nov Oct Highlights: M&M, NBCC, IPCA Lab, Bharat Forge, LG Electronics, Uno Minda & Amagi Media Q2 profit up, Samvardhana Motherson profit down q-o-q, Bharti Airtel, LIC, Titan, ONGC, Britannia, Prestige Estates, Fortis Healthcare, Abbott to announce Q2 results](https://www.thehindubusinessline.com/markets/q2-results-today-highlights-bharti-airtel-lic-titan-mm-ongc-samvardhana-britannia-lg-bharat-forge-prestige-fortis-abbott-india-bse-biocon-apollo-lesnkart-nykaacompany-results-05-november-2026/article71668559.ece)
- [Bharat Forge Limited has informed the Exchange about Copy of Newspaper Publication |SUBJECT: Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/ANILSHINDE_06112026121047_SEIntimationNewspaper_sd.pdf)
- [Bharat Forge Limited has informed the Exchange regarding 'Board comments on fine levied by the Exchange'. |SUBJECT: Updates](https://nsearchives.nseindia.com/corporate/ANILSHINDE_05112026172744_SEIntimationBoardComments_NSE.pdf)
- [Bharat Forge Limited has informed the Exchange about Link of Recording |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/ANILSHINDE_05112026172956_SEIntimationAudioRecording.pdf)
- [Monitoring Agency REport |SUBJECT: Monitoring Agency Report](https://nsearchives.nseindia.com/corporate/ANILSHINDE_05112026173609_SEIntimationMonitoringAgency_sd.pdf)

### Official Filings

Bharat Forge reported unaudited financial results for the quarter and half-year ended September 30, 2026. Consolidated revenue from operations reached ₹48,699.66 million in Q2 FY27, up 20.8% year-over-year, while consolidated profit for the quarter was ₹2,786.81 million. For the half-year, revenue stood at ₹95,099.07 million with a profit of ₹1,887.93 million. The Board approved an additional investment of up to ₹2,905.08 million in its wholly owned subsidiary, Kalyani Strategic Systems Limited (KSSL), to be funded via Qualified Institutional Placement (QIP) proceeds. Management maintained its expectation of 20–25% growth in Indian manufacturing revenue for FY27 and noted that ATAGS manufacturing would commence in FY27, with revenue recognition expected from Q1 FY28 following Bulk Production Clearance. Conversely, the overseas business remained below expectations and is under strategic review, with consolidated exceptional restructuring costs of ₹3,304.21 million recorded for the German subsidiary, Bharat Forge CDP GmbH.

- {'metric': 'Q2 FY27 Financial Performance', 'value': 'Consolidated revenue: ₹48,699.66 million (+20.8% YoY); Profit: ₹2,786.81 million.'}
- {'metric': 'Capital Allocation', 'value': 'Board approved ₹2,905.08 million investment in KSSL, funded by QIP proceeds, for capex and technology development.'}
- {'metric': 'Operational Outlook', 'value': 'Indian manufacturing growth target maintained at 20–25% for FY27; ATAGS revenue recognition expected from Q1 FY28.'}
- {'metric': 'Restructuring & Overseas Review', 'value': 'Overseas business under strategic review; ₹3,304.21 million restructuring provision recorded for German subsidiary BF CDP.'}

- [Bharat Forge Limited has informed the Exchange about Copy of Newspaper Publication |SUBJECT: Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/ANILSHINDE_06112026121047_SEIntimationNewspaper_sd.pdf)
- [Outcome of Board Meeting |SUBJECT: Outcome of Board Meeting](https://nsearchives.nseindia.com/content/debt/WDM/ANILSHINDE_05112026125916_SEIntimationOutcomeofBM_sd.pdf)
- [Bharat Forge Limited has submitted to the Exchange, the financial results for the period ended September 30, 2026. |SUBJECT: Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/ANILSHINDE_05112026125610_SEIntimationOutcomeofBM_sd.pdf)
- [Bharat Forge Limited has informed the Exchange about Acquisition |SUBJECT: Acquisition](https://nsearchives.nseindia.com/corporate/ANILSHINDE_05112026131420_SEIntimationOutcomeofBM_sd.pdf)
- [Others |SUBJECT: Others](https://nsearchives.nseindia.com/content/debt/WDM/ANILSHINDE_05112026131702_SEIntimationOutcomeofBM_sd.pdf)
- [Bharat Forge Limited has informed the Exchange about Investor Presentation |SUBJECT: Investor Presentation](https://nsearchives.nseindia.com/corporate/ANILSHINDE_05112026132350_SEIntimationInvestorPresentation_sd.pdf)
- [BHARAT FORGE LIMITED has informed the Exchange regarding Acquisition (including agreement to acquire) |SUBJECT: Acquisition (including agreement to acquire)-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/REG30_Restructuring_201_WebXMLFile_20261105_134846342.xml)
- [Bharat Forge Limited has informed the Exchange regarding 'Board comments on fine levied by the Exchange'. |SUBJECT: Updates](https://nsearchives.nseindia.com/corporate/ANILSHINDE_05112026172744_SEIntimationBoardComments_NSE.pdf)
- [Bharat Forge Limited has informed the Exchange about Link of Recording |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/ANILSHINDE_05112026172956_SEIntimationAudioRecording.pdf)
- [Monitoring Agency REport |SUBJECT: Monitoring Agency Report](https://nsearchives.nseindia.com/corporate/ANILSHINDE_05112026173609_SEIntimationMonitoringAgency_sd.pdf)

### Fundamentals

Bharat Forge’s operating trajectory shows a clear recovery in profitability, though earnings quality faces headwinds from working capital dynamics. In Q2 FY2026-27, revenue rose sequentially to ₹4,870 crore, and Profit Before Tax (PBT) surged to ₹424 crore, reversing the ₹55.7 crore reported in Q1. This turnaround was driven by strong operating leverage; while Segment PBT declined slightly to ₹418 crore, unallocable expenditure fell significantly, allowing net profit to swing from a loss of ₹89.9 crore to a gain of ₹279 crore.

Balance sheet expansion is evident, with total assets growing to ₹25,259 crore as of September 2026, supported by equity rising to ₹11,486 crore. However, cash conversion efficiency has deteriorated. The Cash Conversion Cycle lengthened to 136 days in Mar 2026, driven by a rise in Debtor Days to 85 days and Inventory Days remaining elevated at 195 days. Consequently, CFO/EBITDA dropped to 70% in Mar 2026 from 89% the prior year, indicating that while profits are robust, cash realization is slowing. Institutional ownership remains stable, with DIIs increasing their stake to 33.04%.

The critical checkpoint for the next quarter is whether the company can stabilize debtor collection and inventory turnover to restore cash flow health, given the recent trend of lengthening cycles.

- Q2 FY2026-27 Net Profit recovered to ₹279 crore from a Q1 loss of ₹89.9 crore, driven by a sharp sequential rise in PBT to ₹424 crore.
- Revenue grew sequentially to ₹4,870 crore, but Segment PBT declined modestly to ₹418 crore, highlighting improved cost control on unallocable items.
- Cash conversion efficiency weakened: CFO/EBITDA fell to 70% in Mar 2026, and the Cash Conversion Cycle extended to 136 days due to higher debtor and inventory days.
- Total assets expanded to ₹25,259 crore as of Sep 2026, with equity base strengthening to ₹11,486 crore.

### Bull Case

Bharat Forge’s defence segment provides a clear conditional upside case, anchored by a robust order book and strategic capital allocation. Despite an 8% dip in net profit to ₹276 crore for the September quarter due to higher costs, revenue grew 21% to ₹4,870 crore, indicating strong top-line momentum. The company secured new orders worth ₹2,107 crore, expanding its defence order book to ₹10,960 crore. Additionally, Bharat Forge announced a ₹290 crore investment in subsidiary Kalyani Strategic Systems for expansion and technology development. While daily technical indicators remain bearish with a -22.6% current drawdown, the monthly trend is bullish, suggesting longer-term structural strength may be reasserting itself if near-term volatility subsides.

- Defence order book expanded to ₹10,960 crore following ₹2,107 crore in new orders during Q2 FY2027.
- Revenue grew 21% to ₹4,870 crore in the September quarter, offsetting an 8% profit decline driven by higher costs.
- ₹290 crore committed to Kalyani Strategic Systems for capacity expansion and technology development.
- Monthly technical trend remains bullish despite daily bearish signals and a -22.6% current drawdown.

- [Q2 results impact: Bharat Forge shares fall 4% after profit dips amid weak overseas business; brokerages cut target prices](https://www.moneycontrol.com/news/business/markets/q2-results-impact-bharat-forge-shares-fall-4-after-profit-dips-amid-weak-overseas-business-brokerages-cut-target-prices-14072598.html)
- [Top 10@10 | D-Street soars, Wall Street cheers Democrat sweep, Ronaldo retires](https://www.cnbctv18.com/business/top-1010-d-street-soars-wall-street-cheers-democrat-sweep-ronaldo-retires-20028356.htm)
- [Bharat Forge net profit down 8% on higher cost](https://www.thehindubusinessline.com/companies/bharat-forge-net-profit-down-8-on-higher-cost/article71670184.ece)
- [Q2 Results 05th Nov Oct Highlights: M&M, NBCC, IPCA Lab, Bharat Forge, LG Electronics, Uno Minda & Amagi Media Q2 profit up, Samvardhana Motherson profit down q-o-q, Bharti Airtel, LIC, Titan, ONGC, Britannia, Prestige Estates, Fortis Healthcare, Abbott to announce Q2 results](https://www.thehindubusinessline.com/markets/q2-results-today-highlights-bharti-airtel-lic-titan-mm-ongc-samvardhana-britannia-lg-bharat-forge-prestige-fortis-abbott-india-bse-biocon-apollo-lesnkart-nykaacompany-results-05-november-2026/article71668559.ece)
- [Top stocks to watch today: Bharti Airtel, LIC, Nykaa, Torrent Power shares in focus on Thursday, 5 Nov | Full list](https://www.livemint.com/market/stock-market-news/top-stocks-to-watch-today-bharti-airtel-lic-nykaa-torrent-power-shares-in-focus-on-thursday-5-nov-full-list-11793843425775.html)
- [Bharat Forge Limited has informed the Exchange about Copy of Newspaper Publication |SUBJECT: Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/ANILSHINDE_06112026121047_SEIntimationNewspaper_sd.pdf)
- [Outcome of Board Meeting |SUBJECT: Outcome of Board Meeting](https://nsearchives.nseindia.com/content/debt/WDM/ANILSHINDE_05112026125916_SEIntimationOutcomeofBM_sd.pdf)
- [Bharat Forge Limited has submitted to the Exchange, the financial results for the period ended September 30, 2026. |SUBJECT: Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/ANILSHINDE_05112026125610_SEIntimationOutcomeofBM_sd.pdf)
- [Bharat Forge Limited has informed the Exchange about Acquisition |SUBJECT: Acquisition](https://nsearchives.nseindia.com/corporate/ANILSHINDE_05112026131420_SEIntimationOutcomeofBM_sd.pdf)
- [Others |SUBJECT: Others](https://nsearchives.nseindia.com/content/debt/WDM/ANILSHINDE_05112026131702_SEIntimationOutcomeofBM_sd.pdf)

### Bear Case

Bharat Forge faces near-term headwinds as its September quarter net profit declined 8% to ₹276 crore, despite a 21% revenue increase to ₹4,870 crore. This margin contraction was driven by higher costs and weak overseas business, prompting brokerages to cut target prices and triggering a 4% share price drop following the Q2 results announcement. The stock has underperformed over intermediate horizons, recording a -20.2% return over three months and a -6.1% decline over six months. Technical indicators reinforce this caution: the daily and weekly super-trend directions are bearish, with negative slopes on both the 20-day and 50-day simple moving averages. The stock is currently trading at ₹1,753, sitting just below immediate resistance levels, while facing significant downside risk with a current drawdown of -22.6% and an annualized volatility of +31.3%.

- Profitability pressure: Net profit fell 8% to ₹276 crore in the September quarter due to higher costs and weak overseas performance, leading to brokerage target-price cuts.
- Weak technical momentum: Daily and weekly super-trends are bearish, with negative slopes on key moving averages, reflecting sustained selling pressure.
- Significant recent drawdown: The stock has declined 20.2% over the past three months and is currently in a -22.6% drawdown from its peak, with high volatility (+31.3%).
- Resistance overhead: Trading at ₹1,753, the stock faces immediate resistance at ₹1,756.63 (0.21% above), limiting short-term upside potential.

- [Q2 results impact: Bharat Forge shares fall 4% after profit dips amid weak overseas business; brokerages cut target prices](https://www.moneycontrol.com/news/business/markets/q2-results-impact-bharat-forge-shares-fall-4-after-profit-dips-amid-weak-overseas-business-brokerages-cut-target-prices-14072598.html)
- [Top 10@10 | D-Street soars, Wall Street cheers Democrat sweep, Ronaldo retires](https://www.cnbctv18.com/business/top-1010-d-street-soars-wall-street-cheers-democrat-sweep-ronaldo-retires-20028356.htm)
- [Bharat Forge net profit down 8% on higher cost](https://www.thehindubusinessline.com/companies/bharat-forge-net-profit-down-8-on-higher-cost/article71670184.ece)
- [Q2 Results 05th Nov Oct Highlights: M&M, NBCC, IPCA Lab, Bharat Forge, LG Electronics, Uno Minda & Amagi Media Q2 profit up, Samvardhana Motherson profit down q-o-q, Bharti Airtel, LIC, Titan, ONGC, Britannia, Prestige Estates, Fortis Healthcare, Abbott to announce Q2 results](https://www.thehindubusinessline.com/markets/q2-results-today-highlights-bharti-airtel-lic-titan-mm-ongc-samvardhana-britannia-lg-bharat-forge-prestige-fortis-abbott-india-bse-biocon-apollo-lesnkart-nykaacompany-results-05-november-2026/article71668559.ece)
- [Top stocks to watch today: Bharti Airtel, LIC, Nykaa, Torrent Power shares in focus on Thursday, 5 Nov | Full list](https://www.livemint.com/market/stock-market-news/top-stocks-to-watch-today-bharti-airtel-lic-nykaa-torrent-power-shares-in-focus-on-thursday-5-nov-full-list-11793843425775.html)
- [Bharat Forge Limited has informed the Exchange about Copy of Newspaper Publication |SUBJECT: Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/ANILSHINDE_06112026121047_SEIntimationNewspaper_sd.pdf)
- [Outcome of Board Meeting |SUBJECT: Outcome of Board Meeting](https://nsearchives.nseindia.com/content/debt/WDM/ANILSHINDE_05112026125916_SEIntimationOutcomeofBM_sd.pdf)
- [Bharat Forge Limited has submitted to the Exchange, the financial results for the period ended September 30, 2026. |SUBJECT: Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/ANILSHINDE_05112026125610_SEIntimationOutcomeofBM_sd.pdf)
- [Bharat Forge Limited has informed the Exchange about Acquisition |SUBJECT: Acquisition](https://nsearchives.nseindia.com/corporate/ANILSHINDE_05112026131420_SEIntimationOutcomeofBM_sd.pdf)
- [Others |SUBJECT: Others](https://nsearchives.nseindia.com/content/debt/WDM/ANILSHINDE_05112026131702_SEIntimationOutcomeofBM_sd.pdf)

### FAQs

**How did Bharat Forge's financial performance change in Q2 FY2027, and what drove the profit decline?**

For the quarter ended September 30, 2026, consolidated revenue from operations increased by 21% to ₹4,870 crore. However, net profit declined by 8% to ₹276 crore due to higher costs. The company also reported consolidated exceptional restructuring costs of ₹3,304.21 million relating to its German subsidiary, Bharat Forge CDP GmbH.

**What strategic investments and order updates were announced alongside the Q2 results?**

The Board approved a further investment of up to ₹2,905.08 million in its wholly owned subsidiary, Kalyani Strategic Systems Limited (KSSL), for expansion and technology development. Additionally, new orders worth ₹2,107 crore were secured, bolstering the defence order book to ₹10,960 crore.

**How has the stock price reacted to these results, and what are the current technical levels?**

Shares fell 4% following the results as brokerages cut target prices. As of November 5, 2026, the stock closed at ₹1,753.0 with a market cap of approximately ₹88,586 crore. Technical indicators show a bearish daily trend with an ADX of 32.39, while resistance is noted near ₹1,756.63 and support near ₹1,700.47.

- [Q2 results impact: Bharat Forge shares fall 4% after profit dips amid weak overseas business; brokerages cut target prices](https://www.moneycontrol.com/news/business/markets/q2-results-impact-bharat-forge-shares-fall-4-after-profit-dips-amid-weak-overseas-business-brokerages-cut-target-prices-14072598.html)
- [Top 10@10 | D-Street soars, Wall Street cheers Democrat sweep, Ronaldo retires](https://www.cnbctv18.com/business/top-1010-d-street-soars-wall-street-cheers-democrat-sweep-ronaldo-retires-20028356.htm)
- [Bharat Forge net profit down 8% on higher cost](https://www.thehindubusinessline.com/companies/bharat-forge-net-profit-down-8-on-higher-cost/article71670184.ece)
- [Q2 Results 05th Nov Oct Highlights: M&M, NBCC, IPCA Lab, Bharat Forge, LG Electronics, Uno Minda & Amagi Media Q2 profit up, Samvardhana Motherson profit down q-o-q, Bharti Airtel, LIC, Titan, ONGC, Britannia, Prestige Estates, Fortis Healthcare, Abbott to announce Q2 results](https://www.thehindubusinessline.com/markets/q2-results-today-highlights-bharti-airtel-lic-titan-mm-ongc-samvardhana-britannia-lg-bharat-forge-prestige-fortis-abbott-india-bse-biocon-apollo-lesnkart-nykaacompany-results-05-november-2026/article71668559.ece)
- [Top stocks to watch today: Bharti Airtel, LIC, Nykaa, Torrent Power shares in focus on Thursday, 5 Nov | Full list](https://www.livemint.com/market/stock-market-news/top-stocks-to-watch-today-bharti-airtel-lic-nykaa-torrent-power-shares-in-focus-on-thursday-5-nov-full-list-11793843425775.html)
- [Bharat Forge Limited has informed the Exchange about Copy of Newspaper Publication |SUBJECT: Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/ANILSHINDE_06112026121047_SEIntimationNewspaper_sd.pdf)
- [Outcome of Board Meeting |SUBJECT: Outcome of Board Meeting](https://nsearchives.nseindia.com/content/debt/WDM/ANILSHINDE_05112026125916_SEIntimationOutcomeofBM_sd.pdf)
- [Bharat Forge Limited has submitted to the Exchange, the financial results for the period ended September 30, 2026. |SUBJECT: Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/ANILSHINDE_05112026125610_SEIntimationOutcomeofBM_sd.pdf)
- [Bharat Forge Limited has informed the Exchange about Acquisition |SUBJECT: Acquisition](https://nsearchives.nseindia.com/corporate/ANILSHINDE_05112026131420_SEIntimationOutcomeofBM_sd.pdf)
- [Others |SUBJECT: Others](https://nsearchives.nseindia.com/content/debt/WDM/ANILSHINDE_05112026131702_SEIntimationOutcomeofBM_sd.pdf)
## Technical analytics

- As of: 2026-11-06
- Daily trend: Strong Downtrend
- Weekly trend: Weak Downtrend
- Pivot point: ₹1,792.57
- Risk regime: Price Risk Requires Attention

### Support levels
- 1693
- 1642
- 1610.2

### Resistance levels
- 1783.35
- 1837.3875
- 1933.6875

### Return and range metrics

| Metric | Value |
| --- | --- |
| return_1 | -0.74% |
| return_10 | +1.68% |
| return_1m | -7.45% |
| return_1y | +31.85% |
| return_20 | -2.83% |
| return_3m | -21.27% |
| return_5 | +1.16% |
| return_6m | -7.14% |
| return_since_start | +33.86% |
| return_ytd | +18.82% |

### Risk and volatility metrics

| Metric | Value |
| --- | --- |
| state | elevated_risk |
| label | Price risk requires attention |
| summary | Recent drawdown or price variability is high enough to warrant closer monitoring. |
| maximum_drawdown | -27.67% |
| annualized_volatility | +31.25% |

## Quarterly financials

- Latest complete quarter: fy27_q2

# Bharat Forge Limited Q2 FY2026-27: Revenue up 21%, pre-exceptional profit down 2%

Revenue from operations rose 20.8% year on year to ₹4,870 crore and 5.0% sequentially. Profit before tax was ₹424 crore, up from ₹56 crore in Q1 FY2026-27 as the exceptional charge narrowed; profit before exceptional items and tax increased 8.4% sequentially but was 2.1% lower than a year earlier.

## Revenue growth continued

Revenue from operations rose for a fourth consecutive quarter, from ₹4,343 crore in Q3 FY2025-26 to ₹4,528 crore in Q4 FY2025-26, ₹4,640 crore in Q1 FY2026-27 and ₹4,870 crore in Q2. Total income was ₹4,917 crore, up 4.7% sequentially and 20.4% year on year; other income was ₹47.5 crore.

## Pre-exceptional profit rose sequentially

Total expenses increased 4.3% quarter on quarter to ₹4,469 crore, slower than revenue. Other expenses rose 2.1% to ₹1,295 crore and finance costs increased 8.0% to ₹96.9 crore. Profit before exceptional items and tax grew 8.4% to ₹449 crore from ₹414 crore in Q1 FY2026-27, but remained 2.1% below the ₹458 crore reported in Q2 FY2025-26.

Expenses included materials consumed of ₹2,511 crore, employee benefit expense of ₹573 crore and depreciation of ₹270 crore. The change in inventories of finished goods, work in progress and stock in trade was a negative expense of ₹357 crore.

## Smaller exceptional charge lifts reported profit

The exceptional charge narrowed to ₹24.6 crore in Q2 from ₹358 crore in Q1 FY2026-27. Profit before tax consequently rose to ₹424 crore from ₹56 crore, while pre-exceptional profit increased by ₹35 crore.

Tax expense was ₹139 crore, compared with ₹134 crore in Q1. Profit for the period from continuing operations was ₹285 crore, against a loss of ₹78.6 crore in Q1 and profit of ₹301 crore in Q2 FY2025-26. Total profit for the period was ₹279 crore, compared with a loss of ₹89.9 crore in Q1 and profit of ₹299 crore a year earlier. Profit attributable to owners was ₹276 crore, with ₹2.82 crore attributable to non-controlling interests. Basic EPS from continuing operations was ₹5.77, versus a loss of ₹1.88 in Q1 and ₹6.26 in Q2 FY2025-26; trailing 12-month EPS was ₹14.28.

## Segment results and balance sheet

Segment revenue was ₹4,870 crore, up 5.0% sequentially and 20.8% year on year. Segment profit before tax rose to ₹418 crore from ₹44.4 crore in Q1 FY2026-27, but was below ₹457 crore in Q2 FY2025-26. Inter-segment revenue fell 20.9% sequentially to ₹249 crore.

At 30 September 2026, total assets were ₹25,259 crore, compared with ₹22,260 crore at 31 March 2026. Cash and cash equivalents stood at ₹2,679 crore, up from ₹848 crore. Inventories were ₹4,693 crore, trade receivables ₹4,075 crore and trade payables ₹3,269 crore. Current borrowings were ₹5,687 crore and non-current borrowings ₹1,704 crore. Equity was ₹11,486 crore, compared with ₹9,557 crore at 31 March 2026.

## Cash flow and funding

Operating cash flow was ₹366 crore, while investing activities used ₹504 crore, resulting in negative free cash flow of ₹138 crore. Financing activities generated ₹1,978 crore during the quarter. Cash and cash equivalents at 30 September 2026 were materially higher than at 31 March 2026.

## Key Takeaway

Revenue growth was strong year on year, but pre-exceptional profit edged up sequentially and remained slightly below its year-ago level. The smaller exceptional charge drove the return to positive reported profit after Q1’s loss. Negative free cash flow and higher finance costs remain relevant alongside the quarter’s financing inflow and larger closing cash balance.

### Ratios

## Shareholding pattern

- Quarter: FY2027-Q2
- As of: 2026-09-30
- Promoter holding: +43.12%
- FII holding: +15.20%
- DII holding: +33.04%
- Mutual fund holding: +21.71%
- Retail holding: +6.62%
- Promoter pledged: +0.00%

### Major reported shareholders

- KALYANI INVESTMENT COMPANY LIMITED — +12.96% (Bodies Corporate)
- SUNDARAM TRADING AND INVESTMENT PVT LTD — +11.31% (Bodies Corporate)
- KSL HOLDINGS PRIVATE LIMITED — +9.47% (Bodies Corporate)
- HDFC TRUSTEE COMPANY LTD. A/C HDFC BALANCED ADVANTAGE FUND — +4.04%
- NPS TRUST A/C - LIC PFL NPS SMART BALANCE TIER I — +3.76%
- KOTAK MAHINDRA TRUSTEE CO LTD A/C KOTAK DIVIDEND YIELD FUND — +3.43%
- BF INVESTMENT LIMITED — +3.20% (Bodies Corporate)
- AJINKYA INVESTMENT AND TRADING COMPANY — +3.07% (Bodies Corporate)
- LICI NEW PENSION PLUS GROWTH FUND — +2.45%
- SBI ARBITRAGE FUND — +2.17%

## Official filings

- 2026-11-06 — Generic Announcement: Bharat Forge Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/ANILSHINDE_06112026121047_SEIntimationNewspaper_sd.pdf)
- 2026-11-06 — Generic Announcement: Bharat Forge Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/ANILSHINDE_06112026155750_SEIntimationTranscript_sd.pdf)
- 2026-11-06 — Generic Announcement: Bharat Forge Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_201_WebXMLFile_20261106_160709254.xml)
- 2026-11-05 — Generic Announcement: Bharat Forge Limited — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/ANILSHINDE_05112026125916_SEIntimationOutcomeofBM_sd.pdf)
- 2026-11-05 — Generic Announcement: Bharat Forge Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/ANILSHINDE_05112026125610_SEIntimationOutcomeofBM_sd.pdf)
- 2026-11-05 — Generic Announcement: Bharat Forge Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/ANILSHINDE_05112026131420_SEIntimationOutcomeofBM_sd.pdf)
- 2026-11-05 — Generic Announcement: Bharat Forge Limited — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/ANILSHINDE_05112026131702_SEIntimationOutcomeofBM_sd.pdf)
- 2026-11-05 — Earnings Presentation: Bharat Forge Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/ANILSHINDE_05112026132350_SEIntimationInvestorPresentation_sd.pdf)
- 2026-11-05 — Generic Announcement: Bharat Forge Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/REG30_Restructuring_201_WebXMLFile_20261105_134846342.xml)
- 2026-11-05 — Generic Announcement: Bharat Forge Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/ANILSHINDE_05112026172744_SEIntimationBoardComments_NSE.pdf)
- 2026-11-05 — Generic Announcement: Bharat Forge Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/ANILSHINDE_05112026172956_SEIntimationAudioRecording.pdf)
- 2026-11-05 — Generic Announcement: Bharat Forge Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/ANILSHINDE_05112026173609_SEIntimationMonitoringAgency_sd.pdf)
- 2026-11-05 — Generic Announcement: Bharat Forge Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_201_WebXMLFile_20261105_175454127.xml)
- 2026-11-05 — Financial Results Filing: Bharat Forge Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_INDAS_1753983_05112026065240_WEB.xml)
- 2026-11-05 — Financial Results Filing: Bharat Forge Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_INDAS_1753991_05112026065454_WEB.xml)
- 2026-10-30 — Generic Announcement: Bharat Forge Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/ANILSHINDE_30102026174953_SEIntimation_KSSL_AEL_Allotment_1.pdf)
- 2026-10-30 — Generic Announcement: Bharat Forge Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/REG30_Restructuring_201_WebXMLFile_20261030_175558516.xml)
- 2026-10-29 — Generic Announcement: Bharat Forge Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/ANILSHINDE_29102026171211_SEIntimationInvestorcall_sd.pdf)
- 2026-10-29 — Generic Announcement: Bharat Forge Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_201_WebXMLFile_20261029_171813902.xml)
- 2026-10-29 — Generic Announcement: Bharat Forge Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_201_WebXMLFile_20261029_172012261.xml)
- 2026-10-27 — Board Meeting Notice: Bharat Forge Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/ANILSHINDE_27102026115941_SEIntimationBM-sd.pdf)
- 2026-10-27 — Generic Announcement: Bharat Forge Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_201_WebXMLFile_20261027_120352854.xml)
- 2026-10-27 — Board Meeting Notice: Bharat Forge Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_201_WebXMLFile_20261027_120352854.xml)
- 2026-10-27 — Generic Announcement: Bharat Forge Limited — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/ANILSHINDE_27102026120147_SEIntimationBM-sd.pdf)
- 2026-10-16 — Shareholding Disclosure: Bharat Forge Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SHP_1739723_16102026021746_WEB.xml)

## News and market events

- 2026-11-07 — MONEYCONTROL: **Neutral Bharat Forge; target of Rs 1800: Motilal Oswal** — Motilal Oswal has assigned a neutral rating to Bharat Forge, setting a price target of Rs 1800 for the stock. The brokerage's assessment suggests a hold stance on the company's shares at current levels. — [Source](https://www.moneycontrol.com/news/business/earnings/neutral-bharat-forge-target-of-rs-1800-motilal-oswal-14074413.html)
- 2026-11-07 — MONEYCONTROL: **Buy Bharat Forge; target of Rs 2150: ICICI Securities** — ICICI Securities has issued a 'Buy' recommendation for Bharat Forge, setting a price target of Rs 2150. The note is attributed to the brokerage firm ICICI Securities. — [Source](https://www.moneycontrol.com/news/business/buy-bharat-forge-target-of-rs-2150-icici-securities-14074299.html)
- 2026-11-06 — MONEYCONTROL: **Q2 results impact: Bharat Forge shares fall 4% after profit dips amid weak overseas business; brokerages cut target prices** — Bharat Forge shares fell 4% following its Q2 results, which showed a dip in profit driven by weak overseas business. In response to these developments, brokerages have cut their target prices for the stock. — [Source](https://www.moneycontrol.com/news/business/markets/q2-results-impact-bharat-forge-shares-fall-4-after-profit-dips-amid-weak-overseas-business-brokerages-cut-target-prices-14072598.html)
- 2026-11-05 — CNBC-TV18: **Top 10@10 | D-Street soars, Wall Street cheers Democrat sweep, Ronaldo retires** — Indian equities extended their winning streak to a sixth session, with the Sensex and Nifty rising on improving sentiment, falling crude oil prices, and expectations of broader market recovery. US midterm election results reshaped sectoral outlooks by creating winners and losers linked to political themes, while domestic Q2 earnings highlighted strong performances from Bharti Airtel and Titan alongside profit declines at other firms. — [Source](https://www.cnbctv18.com/business/top-1010-d-street-soars-wall-street-cheers-democrat-sweep-ronaldo-retires-20028356.htm)
- 2026-11-05 — The Hindu: **Bharat Forge net profit down 8% on higher cost** — Bharat Forge reported an 8% decline in net profit to ₹276 crore for the September quarter, driven by higher costs despite a 21% revenue increase to ₹4,870 crore. The company announced a ₹290 crore investment in its subsidiary Kalyani Strategic Systems for expansion and technology development, while securing new orders worth ₹2,107 crore that bolstered its defence order book to ₹10,960 crore. — [Source](https://www.thehindubusinessline.com/companies/bharat-forge-net-profit-down-8-on-higher-cost/article71670184.ece)
- 2026-11-05 — The Hindu: **Q2 Results 05th Nov Oct Highlights: M&M, NBCC, IPCA Lab, Bharat Forge, LG Electronics, Uno Minda & Amagi Media Q2 profit up, Samvardhana Motherson profit down q-o-q, Bharti Airtel, LIC, Titan, ONGC, Britannia, Prestige Estates, Fortis Healthcare, Abbott to announce Q2 results** — On November 5, 2026, Mahindra & Mahindra and IPCA Laboratories reported year-on-year profit growth in their standalone Q2 results, while Samvardhana Motherson saw a quarter-on-quarter decline. Bharat Forge also posted gains, with market reactions varying as stocks like BSE and Lenskart rose, whereas Nykaa and Cummins India slumped following their respective updates. — [Source](https://www.thehindubusinessline.com/markets/q2-results-today-highlights-bharti-airtel-lic-titan-mm-ongc-samvardhana-britannia-lg-bharat-forge-prestige-fortis-abbott-india-bse-biocon-apollo-lesnkart-nykaacompany-results-05-november-2026/article71668559.ece)
- 2026-11-05 — Mint: **Top stocks to watch today: Bharti Airtel, LIC, Nykaa, Torrent Power shares in focus on Thursday, 5 Nov | Full list** — Adani Power has entered into a 25-year Power Supply Agreement with Uttarakhand Power Corporation Limited to supply 1,234 MW of ex-bus net thermal power, backed by an installed generation capacity of 1,320 MW. — [Source](https://www.livemint.com/market/stock-market-news/top-stocks-to-watch-today-bharti-airtel-lic-nykaa-torrent-power-shares-in-focus-on-thursday-5-nov-full-list-11793843425775.html)
- 2026-10-12 — BUSINESSTODAY: **HAL, BSE, Meesho, Swiggy, Infy: Stocks top 4 life insurers bought, sold in September** — HAL share price, BSE share price, Meesho share price, Swiggy share price, Infosys share price — [Source](https://www.businesstoday.in/markets/stocks/story/hal-bse-meesho-swiggy-infy-stocks-top-4-life-insurers-bought-sold-in-september-561044-2026-10-12)
- 2026-10-05 — The Hindu: **Bharat Forge signs long-term aerospace contract with Pratt & Whitney Canada** — Bharat Forge signs a long-term aerospace components contract with Pratt & Whitney Canada, boosting India's high-precision aero-engine manufacturing. — [Source](https://www.thehindubusinessline.com/companies/bharat-forge-signs-long-term-aerospace-contract-with-pratt-whitney-canada/article71548050.ece)
- 2026-10-05 — The Hindu: **Sensex today | Stock Market Live: Sensex, Nifty trade flat at noon as crude, bond yields cap gains** — Sensex, Nifty, Stock Price Live: Indian equity markets traded largely flat at noon after opening higher, with the Sensex up 0.07 per cent and Nifty 0.04 per cent. Improved global cues supported sentiment, while elevated crude prices and bond yields capped gains and pressured foreign flows. — [Source](https://www.thehindubusinessline.com/markets/sensex-nifty50-today-stock-market-live-updates-5th-october-2026/article71544056.ece)
- 2026-09-28 — MONEYCONTROL: **Why isn't Hindustan Aeronautics making India's fifth-generation fighter jet? Top official explains** — Advanced Medium Combat Aircraft, India, India fifth generation plane, combat jet, fighter jet, Hindustan Aeronautics, defence secretary, rajesh kumar singh — [Source](https://www.moneycontrol.com/defence/why-isn-t-hindustan-aeronautics-making-india-s-fifth-generation-fighter-jet-top-official-explains-article-14040108.html)
- 2026-09-23 — Times of India: **Baba votes against nephew, but Sameer secures Hikal chair** — MUMBAI: Baba Kalyani voted against his own nephew and lost. — [Source](https://timesofindia.indiatimes.com/business/india-business/baba-votes-against-nephew-but-sameer-secures-hikal-chair/articleshow/134448494.cms)
- 2026-09-23 — Mint: **M3M Hurun India Rich List 2026: From Landmark’s Renuka Jagtiani to Sacramento Kings’ Vivek Ranadive — Check new entrants | Mint** — The biggest wealth strides in the M3M Hurun India Rich List 2026's top 100 were made by individuals from industrial and diversified businesses. And the biggest new entrant on the 2026 list is Renuka Jagtiani of Landmark Group, with wealth of ₹70,500 crore. — [Source](https://www.livemint.com/money/personal-finance/m3m-hurun-india-rich-list-2026-landmark-renuka-jagtiani-parle-ai-sacramento-kings-vivek-ranadive-check-new-entrant-names-11790164937122.html)
- 2026-09-23 — CNBC-TV18: **Bharat Forge raises ₹2,000 crore via its QIP - Here is the list of funds issued shares** — In an interaction with CNBC-TV18 on August 10, Baba Kalyani of Bharat Forge had said that the board had taken an enabling resolution to raise funds as growth in new areas, high margin businesses, will require resources in the future. — [Source](https://www.cnbctv18.com/market/bharat-forge-share-price-2000-crore-qip-govt-of-singapore-axis-socgen-baba-kalyani-growth-plans-19996196.htm)
- 2026-09-22 — Mint: **Top stocks to buy in F&O segment: Glenmark, Bharat Forge, Varun Beverages by Jay Thakkar - Check short-term targets** — On September 22, domestic indices fell as IT stocks declined, overshadowing oil price drops. Nifty 50 dropped 0.36% to 23,329; Sensex fell 0.44% to 74,529. Technical levels suggest a trading range of 23,000-24,000, with potential positive momentum if a US-Iran deal is confirmed. — [Source](https://www.livemint.com/market/stock-market-news/top-stocks-to-buy-in-f-o-segment-glenmark-bharat-forge-varun-beverages-by-jay-thakkar-check-short-term-targets-11790077901117.html)
- 2026-09-21 — Mint: **Nifty Auto looks set to snap a 5-month winning streak - Should you buy the dip in auto, auto ancillary stocks?** — After a 5-month winning streak, Nifty Auto and major auto stocks are in decline due to profit booking and economic concerns. With rising oil prices and impending interest rate hikes, experts suggest selective buying.  — [Source](https://www.livemint.com/market/stock-market-news/nifty-auto-looks-set-to-snap-a-5-month-winning-streak-should-you-buy-the-dip-in-auto-auto-ancillary-stocks-11789976254551.html)
- 2026-09-19 — The Hindu: **Tech Query: Bharat Forge, Hatsun Agro Products, NRB Bearings, Sandur Manganese & Iron Ores - What is the outlook? Where are these stocks headed?** — Explore the stock outlook for Bharat Forge, Hatsun Agro, NRB Bearings, and Sandur Manganese & Iron Ores in detail. — [Source](https://www.thehindubusinessline.com/portfolio/technical-analysis/tech-query-bharat-forge-hatsun-agro-products-nrb-bearings-sandur-manganese-amp-iron-ores-what-is-the-outlook-where-are-these-stocks-headed/article71481070.ece)
- 2026-09-18 — BUSINESSTODAY: **Bharat Forge shares gain 4% as Rs 2,000-crore QIP opens** — Bharat Forge shares, Bharat Forge share price today, Bharat Forge shares rise, Bharat Forge stock rises , Bharat Forge stock outlook, Bharat Forge QIP, Bharat Forge QIP issue , Bharat Forge QIP opens, Bharat Forge QIP price — [Source](https://www.businesstoday.in/markets/stocks/story/bharat-forge-shares-rise-as-rs-2000-crore-qip-opens-556383-2026-09-18)
- 2026-09-18 — Mint: **Bharat Forge QIP: Defence stock jumps 2% as fundraise opens, check floor price, discount, other details** — Bharat Forge shares rose after the company launched a qualified institutional placement at  ₹1,947 per share. The QIP opens on September 17, 2026, with a possible 5% discount.  — [Source](https://www.livemint.com/market/stock-market-news/bharat-forge-qip-defence-stock-jumps-2-after-fundraise-opens-check-floor-price-discount-other-details-11789705600097.html)
- 2026-09-18 — Times of India: **Stock Market Live Updates Today: Asian markets rally on falling oil, Vietnam braces for FTSE upgrade - The Times of India** — Expectations for Friday's trading session point to a flat to mildly positive opening for domestic equity benchmarks, with early signals from GIFT Nif — [Source](https://timesofindia.indiatimes.com/business/india-business/sensex-stock-market-today-18-september-2026-live-updates-nse-bse-gift-nifty-50-top-gainers-losers-mcx-stocks-in-focus-market-news/liveblog/134324151.cms)
- 2026-09-18 — BUSINESS: **Stock Alert: Skyways Air Services, Share India, Kothari Inds, ESAF SFB** — Shares of Bandhan Bank, Inox Wind, Manappuram Finance and SAIL are barred from F&O trading on 18 September 2026. — [Source](https://www.business-standard.com/markets/capital-market-news/stock-alert-skyways-air-services-share-india-kothari-inds-esaf-sfb-126091800146_1.html)
- 2026-09-18 — BUSINESSTODAY: **Top stocks in news: Tata stocks, BEL, Wipro, Veegaland, IndiGo, Skyways Air, PB Fintech, PTC India** — Stocks in news, Stocks in buzz, Stocks to buy, Stocks to watch, Tata Group stocks, Bharat Electronics, BEL, Wipro, IndiGo,  InterGlobe Aviation, Veegaland, Skyways Air Services, PB Fintech, PTC India, NLC India, Petronet LNG, GPT Infraprojects, Federal Bank, Orissa Minerals Development Company, Federal Bank — [Source](https://www.businesstoday.in/markets/stocks/story/top-stocks-in-news-tata-stocks-bel-wipro-veegaland-indigo-skyways-air-pb-fintech-ptc-india-556315-2026-09-18)
- 2026-09-18 — Economic Times: **Stocks in news: Tata Group, Wipro, BEL, HAL, Petronet LNG and Bharat Forge** — Indian equity benchmarks exhibited a mixed performance on Thursday, September 17, amid ongoing volatility. The Nifty 50 index experienced a modest increase, while the Sensex noted a slight decrease. Corporate developments drew attention to Tata Group firms and Wipro, with Bharat Electronics securing fresh orders and Petronet LNG initiating discussions for a joint venture. Other notable advancements came from HAL and Bharat Forge. — [Source](https://economictimes.indiatimes.com/markets/stocks/news/stocks-in-news-tata-group-wipro-bel-hal-petronet-lng-and-bharat-forge/articleshow/134318416.cms)
- 2026-09-17 — CNBC-TV18: **Stocks to watch for September 18: Tata Group Stocks, BEL, HAL, PB Fintech and more** — From Tata Trusts calling N Chandrasekaran’s reappointment as Tata Sons Chairman 'illegal' to BEL securing additional orders worth ₹648 crore, here are the stocks to track ahead of Friday’s trading session. — [Source](https://www.cnbctv18.com/photos/market/stocks-to-watch-for-september-18-tata-group-stocks-bel-hal-pb-fintech-and-more-19992982.htm)
- 2026-09-17 — CNBC-TV18: **Bharat Forge launches QIP at floor price of ₹1,948 per share** — Shares of Bharat Forge Ltd ended at ₹1,919.00, up by ₹29.05, or 1.54%, on the BSE. — [Source](https://www.cnbctv18.com/market/stocks/bharat-forge-share-price-launches-qip-at-floor-price-of-rs-1948-per-share-19993083.htm)

## Business profile

**Strategic vision:** Global provider of high-performance, safety-critical components and solutions.

### Business segments
- **Automotive:** Provides high-performance, safety-critical components and solutions for the automotive sector.
- **Aerospace:** Provides high-performance, safety-critical components and solutions for the aerospace sector.
- **Defence:** Provides high-performance, safety-critical components and solutions for the defence sector, including defence vehicle manufacturing.
- **Railways:** Provides high-performance, safety-critical components and solutions for the railways sector.
- **Marine:** Provides high-performance, safety-critical components and solutions for the marine sector.
- **Oil & Gas:** Provides high-performance, safety-critical components and solutions for the oil & gas sector.
- **Construction:** Provides high-performance, safety-critical components and solutions for the construction sector.
- **Industrial Equipment:** Provides high-performance, safety-critical components and solutions for the industrial equipment sector.

### Competitive strengths
- Global presence across key markets
- Diversified manufacturing capabilities
- End-to-end solution offerings

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## Freshness and sources

- Data as of: 2026-11-06
- Source: Faxioms public stock analysis API

Canonical: https://faxioms.com/stocks/bharatforg
Markdown representation: https://faxioms.com/stocks/bharatforg?render=md