Expect Bharat Forge to touch Rs 360: Jitendra Panda

Dec 26, 2013, 02.27 PM IST

According to Jitendra Panda of Peerless Securities, Bharat Forge may go up to Rs 360. "Whole industry is aware the growth is on and I believe this is one stock where one should keep an eye," he adds.

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Expect Bharat Forge to touch Rs 360: Jitendra Panda

According to Jitendra Panda of Peerless Securities, Bharat Forge may go up to Rs 360. "Whole industry is aware the growth is on and I believe this is one stock where one should keep an eye," he adds.

Like this story, share it with millions of investors on M3

Expect Bharat Forge to touch Rs 360: Jitendra Panda

According to Jitendra Panda of Peerless Securities, Bharat Forge may go up to Rs 360. "Whole industry is aware the growth is on and I believe this is one stock where one should keep an eye," he adds.

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Jitendra Panda of Peerless Securities told CNBC-TV18, "If you analyse last six months,  Bharat Forge has outperformed the market and is continuously moving up. It is kind of in a year high. Once it crosses Rs 338 level which now it has already done, I believe Rs 360 is the target because it is a year high."

"They have been performing steadily and we have not seen any big corrections last six months. Overall if you see fundamentally also they are getting strong. Now, with Amtek's action also, I believe the whole industry is aware the growth is on and that is what I believe this is one stock where you should keep an eye. This target of Rs 360 is for January," he added.

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