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Forbes Precision Tools and Machine Parts Limited, established in 2022 and headquartered in Mumbai, India, specializes in manufacturing high-speed steel and carbide round cutting tools under the renowned ‘TOTEM’ brand. The company offers a diverse range of products, including HSS taps, high-performance taps, carbon steel taps and dies, rotary burrs, spring washers, threading tools, and hand tools, catering to various industrial applications. Forbes Precision Share Price on BOM as of 26 December 2024 is 280.00 INR. Here will provide you more details on Forbes Precision Share Price Target 2024, 2025, 2026 to 2030.

Forbes Precision Tools and Mchn Prts Ltd: Market Overview

• Open: ₹281.05
• High: ₹281.05
• Low: ₹279.00
• Previous Close: ₹278.90
• Volume: 1,006
• Value (Lacs): ₹2.82
• VWAP: ₹279.74
• UC Limit: ₹334.65
• LC Limit: ₹223.15
• 52 Week High: ₹416.75
• 52 Week Low: ₹209.00
• Mkt Cap (Rs. Cr.): ₹1,444
• Face Value: ₹10

Forbes Precision Share Price Chart

Forbes Precision Share Price Target Tomorrow 2024 To 2030

Forbes Precision Share Price Target 2024

Forbes Precision share price target 2024 Expected target could be ₹420. Here are 4 Key Factors Affecting Growth for Forbes Precision Share Price Target 2024:

• Demand from Manufacturing Sector: Growth in industries such as automotive, aerospace, and machinery, which require precision tools, is likely to drive demand for the company’s products.
• Focus on Innovation: Investment in advanced manufacturing technologies and the development of high-performance tools can strengthen the company’s competitive edge.
• Global Market Expansion: Increasing exports to international markets and expanding distribution networks can contribute to revenue growth.

• Adoption of Automation: Rising automation in industries enhances the demand for high-quality machine parts and tools, benefiting Forbes Precision’s product portfolio.

Forbes Precision Share Price Target 2025

Forbes Precision share price target 2025 Expected target could be ₹525. Here are 4 Key Factors Affecting Growth for Forbes Precision Share Price Target 2025:

• Technological Advancements: Continued innovation in precision tools, including high-speed and carbide cutting solutions, will help the company cater to evolving industry requirements.
• Government Initiatives: Policies promoting manufacturing and the “Make in India” initiative can boost domestic demand for industrial tools and machine parts.
• Diversification of Product Range: Expanding into related segments, such as CNC tools or customized solutions, can attract new customers and enhance market share.

• Sustainability Practices: Adopting environmentally friendly manufacturing processes and energy-efficient solutions can improve operational efficiency and appeal to eco-conscious industries.

Forbes Precision Share Price Target 2030

Forbes Precision share price target 2030 Expected target could be ₹1060. Here are 4 Risks and Challenges for Forbes Precision Share Price Target 2030:

• Technological Obsolescence: Rapid advancements in manufacturing technologies could make existing products less competitive if the company does not keep pace with innovation.
• Market Competition: Increasing competition from global and domestic players in precision tools and machine parts may pressure pricing and reduce profit margins.
• Raw Material Volatility: Fluctuations in the availability and cost of high-speed steel and carbide materials could impact production costs and profitability.

• Economic Slowdowns: Prolonged downturns in key industries like automotive, aerospace, or heavy machinery could lead to reduced demand for precision tools, affecting revenue growth.

Forbes Precision Shareholding Pattern

• Promoters: 73.85%
• FII: 11.56%
• DII: 0.3%
• Public: 14.29%

Forbes Precision Financials

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