Happy Forgings Ltd

Stage 2 · Advancing · week 49Setup 4.0 WatchWeak -2.9

As of 16 Oct 2026, Happy Forgings is in Stage 2 — advancing, the uptrend phase, in week 49 (since 3 Nov 2025). It closed at ₹1,866, 22.9% below its 52-week high and above its 200-day average, which is rising. In Industrials, 25.5% of stocks are in Stage 2.

Happy Forgings Limited manufactures and sells forgings and related components in India and internationally. More about the company

₹1,866
-0.38% today
₹17,615 Cr · Mid cap
Market Neutral — FadingIndustrials 25.5% in Stage 2-2.0 pts / 20dHeavy Machinery 28.6%0.0 pts

Pro read

Pro

Our read

In Stage 2, but it has already run

Setup score

4.0 Watch

Momentum

Steady

Edge

Weak -2.9

Setup-score rank among Stage 2 peers: #1 of 2 in Heavy Machinery · #94 of 130 in Industrials

Is HAPPYFORGE early, or has it already run? Pro answers that for every NSE stock, after every close.

₹2,999 · 12 months₹1,999 · 6 months
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vs 52W High
-22.9%
₹901.6 lo₹2,420.4 hi
22.9% below 52W high — deeper pullback
How far this stock is from its 52-week high. A pullback of 3–20% while Stage 2 structure holds is typically a better entry than chasing near the high.
Stage Maturity
Week 49
1w13w26w
Week 49 — mature, watch for distribution
How long this stock has been in Stage 2. The sweet spot is mid-run — enough time to prove the structure holds, not so long it's extended. Very fresh (wk 1–4) often needs more time to confirm.
vs 200 DMA
22.2%
200 DMA: ₹1,526.4 · rising
Long-term trend anchor. When stock and Nifty are both above their 200 DMA, the macro backdrop supports continuation.
Rel Volume
0.39x
vs 50-day avg
Low vol (0.5–1x) on pullbacks = resting, not being sold. High vol on breakouts = commitment. Volume spike on down days is a warning sign.
Trend Health
↓
MA20 rolling over · -6.2% vs MA50 +7.6%
Two-layer momentum read: the glyph shows whether the 20-day MA is rising (↑/↗), flat (→), or rolling over (↓). The ⇈ flag fires when the 20-day MA is pulling away from the 50-day MA — short-term momentum building on top of the longer trend. Best when both glyphs agree.
1M
-13.4%
3M
+17.0%
6M
+41.8%
YTD
+71.9%
1Y
+97.5%
Sector
Industrials
↓ Peaking
Stage 2%
25.5%
20d Δ
-2.0pp
1M return
-0.9%
3M return
-2.5%
Sector Stage-2 % · last 20 days
This stock ranks #19 of 125 Stage 2 stocks in Industrials by RS. Leading the sector.
Industry
Heavy Machinery
→ Flat
Stage 2%
28.6%
20d Δ
+0.0pp
1M return
-3.6%
3M return
+12.5%
Industry Stage-2 % · last 20 days
Ranks #1 of 2 Stage 2 stocks in this industry. Top stock in industry.
Stage Cycle Timeline2023-12-27 → 2026-10-16
S? 42w
S4 23w
S2 50w
2023-12-272026-10-16
S1S2S3S4Setup score (0–10, dashed line at 5)
S? 42w → S3 9w → S4 23w → S1 8w → S2 5w → S3 8w → S2 50w current
Total tracked: 146 weeks across 7 stage runs.
Scan Membership
Prop Scan
Latest: 2026-07-23
Pullback Hunter
Latest: 2026-07-08
60 appearances in last 60 days. First seen: 2026-05-15.
Stocks that stay in the scan for 13+ weeks are in the highest observed-return cohort — they keep qualifying because the structure remains intact, not by luck. Persistence in the scan is itself a quality signal.
Recent Stage Timeline
2026-10-16S2
Wk 49 · Vol 0.39x
2026-10-15S2
Wk 49 · Vol 1.64x
2026-10-14S2
Wk 49 · Vol 0.42x
2026-10-13S2
Wk 48 · Vol 1.27x
2026-10-12S2
Wk 48 · Vol 0.48x
2026-10-09S2
Wk 48 · Vol 0.64x
2026-10-08S2
Wk 48 · Vol 0.64x
2026-10-07S2
Wk 48 · Vol 1.03x
2026-10-06S2
Wk 47 · Vol 1.68x
2026-10-05S2
Wk 47 · Vol 1.32x
2026-10-01S2
Wk 47 · Vol 0.94x
2026-09-30S2
Wk 47 · Vol 0.54x
Sector Peers — Stage 2All →
LOKESHMACH
wk 28 · -8.0% from hi
8.9
SHREEJISPG
wk 17 · 0.0% from hi
8.4
SHIVAUM
wk 28 · 0.0% from hi
8.4
ROSSTECH
wk 31 · -6.1% from hi
8.2
SPECTRUM
wk 19 · -3.3% from hi
8.2
Moving averages & range
50 DMA
₹2,109.4
200 DMA
₹1,526.4
52W High
₹2,420.4
52W Low
₹901.6
5D Low
₹1,866
Resistance levels (recent highs)
20d High
₹2,148.3
60d High
₹2,420.4
120d High
₹2,420.4
250d High
₹2,420.4
Next resistance
+15.1%
to 20d High
Ask the Market AI about HAPPYFORGEAsk →
P/E (TTM)
44.3
Forward 30.0
Earnings Growth (YoY)
+23.0%
Revenue +20.4%
ROE
+15.2%
Profit margin +19.1%
Dividend Yield
0.29%
P/B 6.8
About this companyIndustrials· Heavy Machinery

Happy Forgings Limited manufactures and sells forgings and related components in India and internationally. The company offers crankshafts; differential cases; front axle beams and steering knuckles; railway parts, including camshafts, connecting rods, piston pins, spacers, and others; brake flanges and suspension brackets; transmission parts, such as shafts and spindles, crown wheels and pinions, rings, and connecting rods. It also offers windmill application products, including planet carrier, pinion shaft, and housing; oil and gas component, such as valve body; and bicycle pedals. It serves the original equipment manufacturers, manufacturers of commercial and passenger vehicles, farm equipment, and off highway and industrial equipment, as well as machinery for oil and gas, aerospace, power generation, railways, and wind turbine industries. Happy Forgings Limited was incorporated in 1979 and is based in Ludhiana, India.

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All analytics based on EOD data. Data as of 2026-10-16. Past data patterns are not indicative of future results. This page is a data analytics tool only.