The stock of Bharat Forge zoomed more than 3% in Thursday’s trading session, following the sharp increase in North America truck orders during the month of March. The orders of North American heavy truck i.e. class 8, increased a massive 41% to 22,800 units compared to the last year
It can be noticed that the orders increased for the third consecutive month in March.
Additionally, Exports have contributed 49% to Bharat Forge’s total revenue in Q3 FY17, out of which America contributed the largest chunk. The stock of Bharat Forge closed at Rs 1,090.10, up Rs 16.80, or 1.57 % on BSE.