Bharat Forge hits 52 week high

Bharat Forge reported stellar results for the quarter ended Sept 30, 2017 on Wednesday. Total sales for Q2FY18, arrived at Rs. 1,258 cr, representing a 0.02% sequential increase and 34.42% Year on Year increase. Operating profit for the recently concluded quarter figured to Rs. 291.3 cr and the Earnings before Interest & Taxes margin stood at 23.2%. The company reported Profit after tax of Rs. 203.7 cr, which represents a sequential QoQ increase of 16.4% and a YoY increase of 60.6%. The stock today opened at Rs. 720 and hit a 52-week high of Rs. 733.65 on the BSE. Bharat Forge has also declared an interim dividend of Rs. 2 per equity share of face value of Rs.2.00

Bharat Forge Limited is a Pune-based Indian multinational company involved in automotive, oil and gas, power, locomotive, construction, mining, marine and aerospace industries. 

V I P Industries Share Technical Recommendation for Tomorrow Trading ( 10 Oct 2017)

Research Head (MONEY MAKER RESEARCH & INVESTMENT ADVISOR PVT LTD) is having a view that one can go long in VIPIND.

“VIPIND is the stock which I would suggest to buy above 276; this can see upside to levels closer to Rs 287 - 290 zones, keep stop loss below Rs 272.50.

Stock has been gaining for the last 3 days and has risen 6.56% in the period & Outperformed Sector by 1.92%.

Stock has traded higher than 5 day, 20 day, 50 day, 100 day and 200 day moving average.

VIPIND was closed 2.93 percent up today at 116.40 at NSE.