Buy Happy Forgings, target price Rs 1,300: Motilal Oswal Financial Services

Motilal Oswal recommends buying Happy Forgings stock, setting a target price of Rs 1,300, significantly higher than the current Rs 1,030 market price. This small-cap auto ancillary company reported increased total income and a healthy net profit in the recent quarter. Promoters hold a substantial 78.6% stake, with FIIs and DIIs also invested.