GENERAL17 Sept 2026
Happy Forgings share price target: 'Industrials, PVs to drive next leg of growth' - Buy from Motilal Oswal Fin Services | Stock Market News
Happy Forgings shares slipped on Thursday after a strong run, but Motilal Oswal kept its Buy rating with a ₹2,438 target. The brokerage expects new orders, industrial demand and passenger vehicle sales to drive about 25% yearly revenue growth over FY26-29. It also says the September GST (Goods and Services Tax) cuts improved the tractor outlook. Investors should treat this as analyst opinion, not a promise.
Key Statutory Highlights
- Motilal Oswal maintained a Buy rating on Happy Forgings with a target price of ₹2,438 per share, which it says offers an 18% upside.
- The brokerage expects Happy Forgings to post a 25% standalone revenue CAGR over FY26-29, helped by new order wins, industrials growth and a rising passenger vehicle mix.
- The outlook for Happy Forgings' core domestic tractor segment improved after the September GST rate cuts, and the stock has gained about 85.67% so far in 2026.
Actionable Advice for Taxpayers / Founders:Read the full brokerage note and your own holding details before acting on this Buy call, since it is one analyst's view based on growth estimates that may not play out as expected.
Statutory Disclaimer: TaxQue Shorts are AI-assisted editorial briefs for compliance awareness. This brief has not passed every source check; confirm the original notification before acting. This does not constitute formal legal or CA counsel.
TaxQue News Desk
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