Stock market analysts have maintained 'buy' rating on Bharat Forge Ltd with an intraday target above Rs 282.

According to them, interested traders can purchase the stock around Rs 277-279 with a strict stop loss of Rs 274. If the stock market remains positive, the stock pricing becomes more attractive, and reach above Rs 285.

Shares of the company, on Thursday (Oct 22), closed at Rs 277.15 on the Bombay Stock Exchange (BSE). Current EPS & P/E ratio stood at 3.49 and 77.75 respectively. The share price has seen a 52-week high of Rs 307.35 and a low of Rs 69.15 on BSE.

Bharat Forge is all set to declare its Q2FY10 standalone results.

According to estimations, the company's profit after tax is likely to climb at Rs 34 crore as against Rs 11.25 crore, YoY.

The company's revenues are seen descending 30% at Rs 458 crore as against Rs 654 crore and operating profit margin (OPM) is seen slumping at 22.5% versus 23%.

Bharat Forge, on Oct 01, announced that it will lift up $150 million nearly Rs 7.2 billion through different fund raising routes.

Bharat Forge is looking for shareholders nod to lift $150 million through issuing bonds, debentures or through GDRs.