HAPPYFORGE

Happy Forgings Share Price

₹1,065.00 -16 (-1.48%)

21 Nov, 2024 14:19

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Performance

  • Low
  • ₹1,050
  • High
  • ₹1,076
  • 52 Week Low
  • ₹813
  • 52 Week High
  • ₹1,300
  • Open Price₹1,070
  • Previous Close₹1,081
  • Volume7,042

Investment Returns

  • Over 1 Month -5.28%
  • Over 3 Month -12.03%
  • Over 6 Month + 1.77%
  • Over 1 Year + 25.29%
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Happy Forgings Fundamentals Fundamentals refer to the financial data that companies report on a quarterly or annual basis.

  • P/E Ratio
  • 38.7
  • PEG Ratio
  • -
  • Market Cap Cr
  • 10,033
  • P/B Ratio
  • 6.2
  • Average True Range
  • 44.67
  • EPS
  • 27.48
  • Dividend Yield
  • 0.4
  • MACD Signal
  • -13.22
  • RSI
  • 42.61
  • MFI
  • 50.92

Happy Forgings Financials

Happy Forgings Technicals

EMA & SMA

Current Price
₹1,065.00
-16 (-1.48%)
pointer
  • stock-down_img
  • Bullish Moving Average 0
  • stock-up_img
  • Bearish Moving Average 16
  • 20 Day
  • ₹1,103.18
  • 50 Day
  • ₹1,130.77
  • 100 Day
  • ₹1,137.63
  • 200 Day
  • ₹1,079.07

Resistance and Support

1078.62 Pivot Speed
  • R3 1,117.83
  • R2 1,103.97
  • R1 1,092.48
  • S1 1,067.13
  • S2 1,053.27
  • S3 1,041.78

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Ratings

Master Rating

EPS Strenth

Price Strength

Buyer Demand

Group Rank

Happy Forgings Ltd. is India's fourth-largest manufacturer of complex, safety-critical forged components, primarily catering to domestic and global OEMs in the automotive and non-automotive sectors. It operates three advanced facilities with a forging capacity of 120,000 tonnes.

Happy Forgings Ltd has an operating revenue of Rs. 1,389.02 Cr. on a trailing 12-month basis. An annual revenue growth of 14% is good, Pre-tax margin of 24% is great, ROE of 15% is good. The company is debt free and has a strong balance sheet enabling it to report stable earnings growth across business cycles. The stock from a technical standpoint is trading below to its 50DMA and close to its 200DMA. It needs to take out the 50DMA levels and stay above it to make any further meaningful move. It is currently FORMING a base in its weekly chart and is trading around 16% away from the crucial pivot point. From an O'Neil Methodology perspective, the stock has an EPS Rank of 81 which is a GOOD score indicating consistency in earnings, a RS Rating of 40 which is POOR indicating the underperformance as compared to other stocks, Buyer Demand at C+ which is evident from recent supply seen, Group Rank of 115 indicates it belongs to a poor industry group of Steel-Producers and a Master Score of C is fair but needs to improve. Institutional holding has gone up in the last reported quarter is a positive sign. Overall, the stock is lagging behind in some of the technical parameters, but great earnings make it a stock to examine in more detail.

Disclaimer: This stock analysis report is algorithmically generated for informational purposes only and should not be considered as a buy or sell recommendation.

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Happy Forgings Corporate Actions - Bonus, Splits, Dividends

Date Purpose Remarks
2024-11-07 Quarterly Results
2024-08-07 Quarterly Results
2024-05-24 Audited Results & Final Dividend
2024-02-09 Quarterly Results
Date Purpose Remarks
2024-07-22 FINAL Rs.4.00 per share(200%)Final Dividend

Happy Forgings F&O

Happy Forgings Shareholding Pattern

78.6%
7.86%
0.55%
2.27%
0%
1.78%
8.94%

About Happy Forgings

  • NSE Symbol
  • HAPPYFORGE
  • BSE Symbol
  • 544057
  • Chairman & Managing Director
  • Mr. Paritosh Kumar
  • ISIN
  • INE330T01021

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Happy Forgings FAQs

Happy Forgings share price is ₹1,065 As on 21 November, 2024 | 14:05

The Market Cap of Happy Forgings is ₹10032.8 Cr As on 21 November, 2024 | 14:05

The P/E ratio of Happy Forgings is 38.7 As on 21 November, 2024 | 14:05

The PB ratio of Happy Forgings is 6.2 As on 21 November, 2024 | 14:05

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Q2FY23