Bharat Forge drops on CLSA downgrade
Source: IRIS | 14 Oct, 2015, 10.44AM
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 Bharat Forge, a Pune based forging company, witnessed a sharp fall in share price on Wednesday after global brokerage firm CLSA downgraded the stock to 'sell' from 'buy' citing weak operational outlook. The brokerage has set a target price of Rs 745 on Bharat Forge shares.
Shares of Bharat Forge are trading at Rs 902.40, down Rs 30.85, or 3.31% at the Bombay Stock Exchange (BSE) on Wednesday at 10:32 a.m.
The scrip has touched an intra-day high of Rs 905.60 and low of Rs 876.55. Total volume of shares traded on the bourses today was higher by 11.07% to 1,443,862 compared with 22-day average volume of 1,299,987.
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