Bharat Forge reports 21% drop in Q3 net profit
Bharat Forge has reported results for third quarter ended December 31, 2016.
The company has reported 21.48% fall in its net profit at Rs 128.62 crore for the quarter ended December 31, 2016 as compared to Rs 163.81 crore for the same quarter in the previous year. Total income of the company decreased by 10.84% at Rs 1010.76 crore for the quarter under review as compared Rs 1133.64 crore for the corresponding quarter previous year.
Technical Levels for Bharat Forge
Support at 965 and Resistance at 990
Close below 965 will take it to 950---945 and then to 920 else could touch its resistance level of 990 again.
Fresh buying can be initiated above 990.
More will update soon!!
