Research Disclosures & Disclaimers

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Bharat Forge (BFRG.BO)*

UBS Rating and Price Target History Chart

Line chart explaining Price target vs Stock Price is described in below table

EQ Rating & Price Target Table

Date	Stock Price (Rs)	Price Target (Rs)	Rating
2022-03-30	702.55	720.00	Buy
2022-04-20	731.15	900.00	Buy
2022-07-15	642.55	870.00	Buy
2022-08-11	736.40	900.00	Buy
2023-01-04	861.10	1040.00	Buy
2023-02-14	883.50	1025.00	Buy
2023-05-08	778.70	1050.00	Buy
2023-08-09	967.10	1150.00	Buy
2023-11-06	1075.95	1260.00	Buy
2024-03-20	1091.95	1300.00	Buy
2024-06-07	1584.40	-	No Rating
2024-07-25	1593.85	2000.00	Buy
2024-11-14	1328.40	1710.00	Buy
2025-02-12	1105.55	1460.00	Buy
2025-05-08	1114.00	1300.00	Buy

Note : Historical Price Targets have been adjusted to account for any stock splits, rights issues and/or dividends which may have occurred for this security. Not Priced: Stock was not priced on the given date. No Rating: Issuer was not rated by UBS on the given day. No Price Target: For this issuer no Price Target was set by UBS on the given day. Issuers with an EQ Rating & Price Target Table are covered by UBS-IB Equity Research Analysts. Issuers without an EQ Rating & Price Target Table are not single stock covered.

* Issuers marked with an asterisk are covered by UBS-IB Equity Research Analysts. Issuers without an asterisk are not single stock covered.