Stock to sell, Dec. 10 -- Bharat Forge share price was in focus after Motilal Oswal Financial Services (MOSL) said it is Neutral on defense stock Bharat Forge with a target price of Rs.1,290, signalling 7% downside from previous close.

While the defense company's transformation into a diversified defence and aerospace heavyweight is gaining clear momentum, the brokerage warns that the near-term outlook is cluttered with multiple headwinds across exports, Europe, aluminium forgings and valuation comfort.

"While 3Q is likely to be similar to 2Q, we expect the demand environment to start improving from 4Q onward. We factor in BHFC to post a CAGR of 11%/14%/28% in revenue/EBITDA/PAT over FY25-28E. However, despite factoring in all the posit...