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RKFORGE Consensus Forecast

No. of reports in last year
1
No. of analysts
1
Average Consensus Forecast
395
Consensus Potential
59.00%

RKFORGE Price Target Potential

BrokerageTargetPotential
Reliance Securities39559.00%

RKFORGE Targets in FrontPage Forums

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RKFORGE Ratings

Long term RKFORGE rating by FrontPage users
2/5 (1 Ratings)

1 RKFORGE share price target reports by brokerages below. See what is analyst's view on RKFORGE share price forecast, rating, estimates, valuation and prediction behind the target. You may use these research report forecasts for long-term to medium term for your investment or trades in 2020.
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RKFORGE Share Price Target

RKFORGE Share Price Target - Broker Reports - 2019

13-Aug-19
Price @ Call: 430.35
Target: 395
REDUCE
Lowering our volume estimates, we expect RFL’s volume to clock just 1% CAGR over FY19-FY21E. We decrease our revenue and EBIDTA estimates by 17%/11% and 17%/10% for FY20E/FY21E and reduce our EPS estimate by 28%/8% for FY20E/FY21E. The Management has indicated lower capex for FY20E, assuming lower demand, which signifies concern for the domestic M&HCV industry’s growth in the coming years. Further, heavy truck orders are slowing down in North America indicating lower production in future. Considering volume decline during down-cycle for M&HCV, likely slowdown in export market, margin pressure and reducing return ratios we lower our P/E valuation multiple to 12x (from 13x earlier) and maintain our REDUCE recommendation on the stock with a revised Target Price of Rs395 (from Rs465 earlier), valuing it at 12xFY21 EPS.
... Read more
28-May-19
Price @ Call: 488.82
Target: 465
REDUCE
The Management has indicated lower capex plan for FY20E, assuming lower demand, which signifies imminent growth concern for the domestic M&HCV industry in the coming years. Further, heavy truck orders are slowing down in North America, which suggests lower production in future. Considering likely fall in volume during down-cycle for M&HCVs, slowdown in exports market and margin pressure, we maintain our REDUCE recommendation on the stock with a revised Price Target of Rs465 (from Rs455 earlier), valuing it at 13xFY21E EPS.
... Read more
6-Feb-19
Price @ Call: 485
Target: 705
BUY

RKFORGE Share Price Target - Broker Reports - 2018

30-Nov-18
Price @ Call: 520.64
Target: 710
BUY
5-Nov-18
Price @ Call: 595.61
Target: 908
BUY
11-Sep-18
Price @ Call: 623.68
Target: 908
BUY
1-Aug-18
Price @ Call: 651
Target: 904
BUY
1-Aug-18
Price @ Call: 651
Target: 882
BUY
31-Jul-18
Price @ Call: 650.95
Target: 950
BUY
5-Apr-18
Price @ Call: 824.9
Target: 975
BUY
30-Jan-18
Price @ Call: 797.37
Target: 950
BUY

RKFORGE Share Price Target - Broker Reports - 2017

19-Dec-17
Price @ Call: 794.65
Target: 975
BUY
28-Sep-17
Price @ Call: 552.65
Target: 720
BUY
23-May-17
Price @ Call: 458
Target: 525
BUY
14-Feb-17
Price @ Call: 423
Target: 474
BUY

RKFORGE Share Price Target - Broker Reports - 2016

23-May-16
Price @ Call: 375
Target: 665
BUY
25-May-16
Price @ Call: 370
Target: 490
BUY
15-Nov-16
Price @ Call: 301
Target: 500
BUY
28-Jun-16
Price @ Call: 410
Target: 490
BUY
20-Jun-16
Price @ Call: 433.25
Target: 540
BUY
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  • RKFORGE Share Price Target Today- Technical Pivot Points (Classic)

    keyboard_arrow_down
    Upside Target 3178.93
    Upside Target 2174.47
    Upside Target 1170.93
    Pivot166.47
    Downside Target 1162.93
    Downside Target 2158.47
    Downside Target 3154.93
  • RKFORGE Share Price Target weekly- Technical Pivot Points (Classic)

    keyboard_arrow_down
    Upside Target 3175.13
    Upside Target 2167.32
    Upside Target 1156.13
    Pivot148.32
    Downside Target 1137.13
    Downside Target 2129.32
    Downside Target 3118.13
  • RKFORGE Share Price Target monthly- Technical Pivot Points (Classic)

    keyboard_arrow_down
    Upside Target 3206.88
    Upside Target 2192.72
    Upside Target 1168.83
    Pivot154.67
    Downside Target 1130.78
    Downside Target 2116.62
    Downside Target 392.73
  • RKFORGE Share Price Target today- Technical Pivot Points (Fibonacci)

    keyboard_arrow_down
    Upside Target 3174.47
    Upside Target 2171.41
    Upside Target 1169.52
    Pivot166.47
    Downside Target 1163.41
    Downside Target 2161.52
    Downside Target 3158.47
  • RKFORGE Share Price Target weekly- Technical Pivot Points (Fibonacci)

    keyboard_arrow_down
    Upside Target 3167.32
    Upside Target 2160.06
    Upside Target 1155.57
    Pivot148.32
    Downside Target 1141.06
    Downside Target 2136.57
    Downside Target 3129.32
  • RKFORGE Share Price Target monthly- Technical Pivot Points (Fibonacci)

    keyboard_arrow_down
    Upside Target 3192.72
    Upside Target 2178.18
    Upside Target 1169.2
    Pivot154.67
    Downside Target 1140.13
    Downside Target 2131.15
    Downside Target 3116.62
SOURCE: Data from D'Market via Quandl. Intraday data delayed 15 minutes.
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