Bharat Forge Dividend: 300% Payout, Record Date Set; Here’s Why This Analyst Is Recommending Buy-On-Dips

High-performance components for a range of sectors, including automotive, aerospace, defence, and more, are produced by the multinational, technologically advanced manufacturing firm Bharat Forge Limited. Bharat Forge Limited is part of the USD 3.5 billion Kalyani Group. Following the company's announcement of the record date for a 300% dividend distribution, Bharat Forge's shares were trading 3.93% higher on the NSE at Rs 1,347.40 per share on Monday, June 9th, at about 12:38 p.m. IST. The company's market capitalization was Rs 64.45KCr.

Bharat Forge Dividend Record Date

"This is further to our letter dated May 08, 2025, wherein it was informed that the Board of Directors of the Company at its meeting held on Thursday, May 08, 2025, had inter alia recommended final dividend of Rs. 6.00/- i.e. at the rate of 300% per equity share having face value of Rs. 2/- each for the financial year ended on March 31, 2025, subject to the approval of the shareholders at the ensuing Annual General Meeting ("AGM") of the Company. Pursuant to Regulation 42 of the Listing Regulations for the purpose of determining entitlement of members to final dividend for the financial year ended on March 31, 2025, the Company has fixed Friday, July 04, 2025 as the Record Date. The payment of dividend, if approved at the 64th AGM of the Company to be held on Thursday, August 07, 2025 will be made on or after Tuesday, August 12, 2025. Notice convening the ensuing 64th AGM of the Company scheduled on Thursday, August 07, 2025 will be sent in due course," said Bharat Forge in a stock exchange filing.

Bharat Forge Dividend Payment Date

"If the final dividend as recommended by the Board of Directors is approved at the ensuing AGM, payment of such dividend, subject to deduction of tax at source, will be made on or after Tuesday, August 12, 2025 as under: a) To all Beneficial Owners in respect of shares held in dematerialized form as per the data as may be made available by the National Securities Depository Limited and the Central Depository Services (India) Limited as of the close of business hours on Friday, July 04, 2025; b) To all Members in respect of shares held in physical form after giving effect to valid transmission or transposition requests lodged with the Company as of the close of business hours on Friday, July 04, 2025," Bharat Forge said in a regulatory filing.

Bharat Forge Share Price Target

"Bharat Forge is maintaining a bullish structure, supported by strong volume and higher highs. Immediate resistance is at ₹1,350, and a breakout above this could open the path to ₹1,390-₹1,420. Support is placed at ₹1,300. The stock remains strong as long as it holds above this level. Traders can consider a buy-on-dips approach with a stop-loss below ₹1,290 for potential upside continuation," commented Riyank Arora - Technical Analyst - Mehta Equities Limited.

Disclaimer

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