Rise in orders from the US, especially for heavy trucks, is mirrored in the stellar growth of Bharat Forge’s revenue and net profit. A 68% year-on-year jump in orders from North America’s Class-8 truck segment was the trigger. The effect of this was already visible in Bharat Forge’s September quarter performance. So it is not surprising to see Bharat Forge’s stock outperform the Nifty Midcap 50 Index. Until then, Bharat Forge’s valuations and earnings will be closely linked to the fortunes of the truck segment.

Source: Mint December 06, 2017 02:26 UTC