BHARATFORG.NS Stock Today: December 31 – MoD Carbine Deal in Focus
Bharat Forge share price hovered near Rs 1,470 on 31 December as traders assessed the Ministry of Defence’s new CQB carbines order. The MoD carbine contract is Rs 2,770 crore, with 60% of production expected at the Kalyani group. We review how BHARATFORG.NS traded today, what technicals signal, and how the deal could shape earnings over five years. We also map the sector read-through for defence stocks India after fresh procurement momentum.
Price action and technical setup
Bharat Forge share price closed around Rs 1,470.4, up Rs 24.7 or 1.71%. It opened at Rs 1,490.9, hit a low of Rs 1,455.0, and a high of Rs 1,490.9. Turnover was strong with 1,952,622 shares versus a 920,927 average. The stock trades above its 50-day Rs 1,384.09 and 200-day Rs 1,242.85 averages, showing a healthy uptrend with improving participation.
RSI at 63.29 points to steady momentum, while Stochastic at 80.42 is near overbought. MACD stays positive with a 0.42 histogram. Price sits close to the upper Bollinger band at Rs 1,471.24, so near-term follow-through may slow. ADX at 23.27 suggests a developing trend. ATR of 28.44 implies daily swings near 2%, so position sizing matters for Bharat Forge share price.
MoD carbine deal and revenue impact
The MoD carbine contract totals Rs 2,770 crore under Make in India. About 60% of production is expected at Bharat Forge, with staged deliveries over roughly five years, per the government announcement source. This CQB carbines order adds sharp order-book visibility and aligns with prior small arms efforts at the group level, improving utilization and planning certainty.
At 60%, the intake is about Rs 1,662 crore over five years, or roughly Rs 330–350 crore annually. On a FY24 revenue base near Rs 15,270 crore, that is about a 2% tailwind. Mix shift can aid margins, but execution, localisation, and testing milestones remain key. For Bharat Forge share price, steady milestones and dispatch updates could matter more than headline value.
Valuation, financials, and risks
Bharat Forge trades at 64.16x TTM EPS of Rs 22.67, 4.50x sales, and 7.34x book. ROE is 12.29% and ROIC 20.49%. Debt to equity is 0.71 with a current ratio of 1.10. Dividend yield stands at 0.59%. Working capital is Rs 9,383 crore and the cash conversion cycle is 140.65 days, typical for manufacturing. These set expectations for Bharat Forge share price.
The company is slated to report results around 12 Feb 2026. Meyka models show a 1-year projection near Rs 1,466.54, 3-year Rs 1,821.40, and 5-year Rs 2,176.86, with a near-term monthly marker at Rs 1,274.30. ATR near 28.44 signals brisk swings. For Bharat Forge share price, contract execution, margin mix, and demand across auto and defence will steer outcomes.
Sector setup: defence stocks in India
The procurement package also covers heavyweight torpedoes for the Indian Navy, supporting industry sentiment alongside carbines source. Together with the government announcement, this builds multi-year visibility for defence stocks India. Order diversity across land and sea platforms can smooth volumes for suppliers and deepen domestic manufacturing capabilities.
Our stock grade is B with a Hold view, reflecting a balanced setup of growth and valuation. Bharat Forge share price benefits from solid trend strength and contract visibility, while a 64x P/E and working capital intensity suggest patience. Keep sizes moderate, add on pullbacks toward moving averages, and track CQB carbines order milestones and quarterly margin prints carefully.
Final Thoughts
Bharat Forge share price closed firm near Rs 1,470 as buyers focused on visibility from the MoD carbine contract. The five-year flow, at about Rs 330–350 crore per year for Bharat Forge, may add roughly 2% to revenue and support utilization. Near term, technicals are positive but extended near the upper Bollinger band, so volatility around Rs 1,455 to Rs 1,490 is likely. For investors, the checklist is simple: watch localisation progress, delivery milestones, and margin effects from the defence mix. Our model keeps a Hold stance, favoring staggered entries on dips and close tracking of order flow and earnings updates. This is informational, not advice; do your own research.
FAQs
It gained as traders priced in visibility from the MoD carbine contract and strong volume. Price closed near Rs 1,470 with intraday liquidity more than double average. Technicals were supportive, with RSI above 60 and price above 50-day and 200-day moving averages. Execution updates may drive the next leg.
Bharat Forge’s expected share is about 60% of Rs 2,770 crore, or roughly Rs 1,662 crore over five years. That is around Rs 330–350 crore per year, close to 2% of the FY24 revenue base. The mix may also aid margins, subject to localisation and testing milestones.
Today’s low near Rs 1,455 and the high around Rs 1,490.9 frame the immediate range. The upper Bollinger band is at Rs 1,471.24, and ATR of 28.44 suggests about 2% daily swings. Price remains above the 50-day Rs 1,384 and 200-day Rs 1,243 moving averages, which act as trend supports.
No. It remains a diversified manufacturer with large auto, industrial, and energy exposure. Defence is a growing vertical that can improve utilisation and margin resilience. The MoD carbine contract helps visibility, but core earnings still depend on broader manufacturing cycles and execution across multiple end markets.
Disclaimer:
The content shared by Meyka AI PTY LTD is solely for research and informational purposes. Meyka is not a financial advisory service, and the information provided should not be considered investment or trading advice.
