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Shares of Bharat Forge were higher by 3 percent on Thursday morning as investors cheered Credit Suisse’s maintaining outperform rating on the stock with a target of Rs 750. The stock touched an intraday high of Rs 681.95 and an intraday low of Rs 669.70. The global research firm highlighted how the macro situation is still favourable amid strong execution by the firm as well. With the depreciation in rupee, it reckons that companies exporting to developed markets will benefit. It also observed that 60 percent of the revenues come from exports to the US and Europe.