HAPPYFORGE · Industrials · 2026-08-21

Happy Forgings Ltd

8.7★★★ PrimeSolid +4.4Stage 2 · wk 41In scan: Prop Scan · Pullback HunterMARKET: BULL RISING · 2026-08-21
₹2,211.8
-5.00% today
₹20,875 Cr · Large cap
About this companyIndustrials· Heavy Machinery
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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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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
vs 52W High
-5.0%
₹878 lo₹2,328.2 hi
5.0% below 52W high — pullback range
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 41
1w13w26w
Week 41 — mature, watch for distribution
How long this stock has been in Stage 2. The sweet spot is typically 13–26 weeks — 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
67.3%
200 DMA: ₹1,322.4 · rising
Long-term trend anchor. When stock and Nifty are both above their 200 DMA, the macro backdrop supports continuation.
Rel Volume
0.71x
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 trending up · +15.8% vs MA50 +14.6%
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.
Sector
Industrials
↑ Building
Stage 2%
37.6%
20d Δ
+1.4pp
1M return
+4.5%
3M return
+8.2%
Sector Stage-2 % · last 20 days
This stock ranks #4 of 162 Stage 2 stocks in Industrials by RS. Leading the sector.
Industry
Heavy Machinery
→ Flat
Stage 2%
16.7%
20d Δ
+0.0pp
1M return
+24.8%
3M return
+37.2%
Industry Stage-2 % · last 20 days
Ranks #1 of 1 Stage 2 stocks in this industry. Top stock in industry.
Price + Volume Chart
Loading price chart…
Stage Cycle Timeline2023-12-27 → 2026-08-21
S? 42w
S4 23w
S2 42w
2023-12-272026-08-21
S1S2S3S4Setup score (0–10, dashed line at 5)
S? 42w → S3 9w → S4 23w → S1 8w → S2 5w → S3 8w → S2 42w current
Total tracked: 138 weeks across 7 stage runs.
1M
+39.2%
3M
+60.4%
6M
+72.6%
YTD
+99.3%
1Y
+135.0%
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
2026-08-21S2
Wk 41 · Vol —x
2026-08-20S2
Wk 41 · Vol —x
2026-08-19S2
Wk 40 · Vol —x
2026-08-18S2
Wk 40 · Vol —x
2026-08-17S2
Wk 40 · Vol —x
2026-08-14S2
Wk 40 · Vol —x
2026-08-13S2
Wk 40 · Vol —x
2026-08-12S2
Wk 39 · Vol —x
2026-08-11S2
Wk 39 · Vol —x
2026-08-10S2
Wk 39 · Vol —x
2026-08-07S2
Wk 39 · Vol —x
2026-08-06S2
Wk 39 · Vol —x
Sector Peers — Stage 2All →
MARINE
wk 13 · -0.3% from hi
9.8
RATNAVEER
wk 14 · -0.8% from hi
9.8
UNIVCABLES
wk 14 · -8.7% from hi
9.4
TIIL
wk 13 · 0.0% from hi
9.3
RKFORGE
wk 3 · -2.4% from hi
9.2
Moving averages & range
50 DMA
₹1,687.3
200 DMA
₹1,322.4
52W High
₹2,328.2
52W Low
₹878
5D Low
₹2,198.1
Resistance levels (recent highs)
20d High
₹2,328.2
60d High
₹2,328.2
120d High
₹2,328.2
250d High
₹2,328.2
Next resistance
+5.3%
to 20d High

All analytics based on EOD data. Data as of 2026-08-21. Past data patterns are not indicative of future results. This page is a data analytics tool only.