Castings, Forgings & Fastners · HAPPYFOR
Castings, Forgings & Fastners
from 1,817 today
Led by a better-than-expected margin performance in 1Q and a strong outlook, we have raised our FY27/FY28E EPS by 3%/9%. We reiterate our BUY rating on the stock with a target price of INR2,095.
Happy Forgings reported strong Q1FY27 operating performance ahead of estimates, driven by wallet share gains and accelerating exports. Retain BUY with a revised target price of INR 2,200.
Led by a better-than-expected margin performance in 1Q and a strong outlook, we have raised our FY27/FY28E EPS by 3%/9%. We reiterate our BUY rating on the stock with a TP of INR2,095 based on 33x FY28E EPS.
Ratings and target prices as published by each firm. Each summary condenses that firm's stated view in its own note and is attributed to it; no report text is reproduced.
