Bharat Forge Drives North On Strong N American Truck Orders

Bharat Forge, Pune-based company during Thursday’s trading session clocked gains of 2.5% on strong growth in orders for North America Class 8 trucks.

The orders for Class 8 truck segment in June stood at 17,764 units, soaring 38% as compared to 16,300 in May. North America truck orders contributed nearly 20% of revenue on a standalone basis in FY17.

The stock of Bharat Forge as of 1125 hours was trading at Rs 1122 per share, higher by Rs 10 per share or 0.9% on the NSE. It has given 45% returns and has outperformed the BSE Sensex and BSE Auto indices in a period of one-year.

The stock had hit its 52-week high of Rs 1,221 per share on 8 June 2017 and its 52-week low of Rs 716 per share on 4 August 2017.

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