Bharat forge drops on reports of slide in north american truck orders _ business standard news

Bharat Forge lost 4.18% to Rs 794.75 at 11:44 IST on BSE on reports that the company’s North American class 8 truck orders declined 37% from a year ago to 15,800 units.

Meanwhile, the BSE Sensex was up 77.22 points, or 0.31%, to 24,960.81

On BSE, so far 1.08 lakh shares were traded in the counter, compared with an average volume of 70,454 shares in the past one quarter. The stock hit a high of Rs 803.90 and a low of Rs 790 so far during the day. The stock hit a record high of Rs 1,362.90 on 6 April 2015. The stock hit a 52-week low of Rs 720.65 on 12 February 2016. The stock had outperformed the market over the past one month till 5 April 2016, rising 1.53% compared with Sensex’s 0.96% rise. The scrip, however, underperformed the market in past one quarter, sliding 3.33% as against Sensex’s 2.72% fall.

The large-cap company has an equity capital of Rs 46.56 crore. Face value per share is Rs 2.

Bharat Forge has been facing significant pressure in terms of order inflows from North America over the last few months, as per reports. The company derives 20% of its revenue from North America trucks segment, reports indicated.

Bharat Forge’s net profit fell 15.4% to Rs 166.16 crore on 9.9% decline in net sales to Rs 1029.35 crore in Q3 December 2015 over Q3 December 2014.

Bharat Forge is the flagship company of the $3 billion Kalyani Group and a global provider of high performance, innovative, safety & critical components and solutions to various industrial sectors including automotive, oil & gas, power, construction & mining, aerospace and rail & marine.

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Bharat Forge drops on reports of slide in North American truck orders Bharat Forge lost 4.18% to Rs 794.75 at 11:44 IST on BSE on reports that the company’s North American class 8 truck orders declined 37% from a year ago to 15,800 units.

Bharat Forge lost 4.18% to Rs 794.75 at 11:44 IST on BSE on reports that the company’s North American class 8 truck orders declined 37% from a year ago to 15,800 units.

Meanwhile, the BSE Sensex was up 77.22 points, or 0.31%, to 24,960.81

On BSE, so far 1.08 lakh shares were traded in the counter, compared with an average volume of 70,454 shares in the past one quarter. The stock hit a high of Rs 803.90 and a low of Rs 790 so far during the day. The stock hit a record high of Rs 1,362.90 on 6 April 2015. The stock hit a 52-week low of Rs 720.65 on 12 February 2016. The stock had outperformed the market over the past one month till 5 April 2016, rising 1.53% compared with Sensex’s 0.96% rise. The scrip, however, underperformed the market in past one quarter, sliding 3.33% as against Sensex’s 2.72% fall.

The large-cap company has an equity capital of Rs 46.56 crore. Face value per share is Rs 2.

Bharat Forge has been facing significant pressure in terms of order inflows from North America over the last few months, as per reports. The company derives 20% of its revenue from North America trucks segment, reports indicated.

Bharat Forge’s net profit fell 15.4% to Rs 166.16 crore on 9.9% decline in net sales to Rs 1029.35 crore in Q3 December 2015 over Q3 December 2014.

Bharat Forge is the flagship company of the $3 billion Kalyani Group and a global provider of high performance, innovative, safety & critical components and solutions to various industrial sectors including automotive, oil & gas, power, construction & mining, aerospace and rail & marine.

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