In 4QFY18, Bharat Forge (BHFC) reported its fourth successive quarter of 30%+ YoY growth in standalone revenue, driven by robust CV sales in India and the US. Domestic business is likely to witness continued momentum going forward, driven by up-swing in CV cycle, while the domestic industrials segment will remain on a healthy footing. Global industrials is also seeing strong traction from oil & gas segments, mining and construction segment. NA Class 8 truck orders remain robust on improving freight demand and CY18 would see healthy production growth. Rising commodity prices led to a 100bps YoY decline in gross margin this quarter. With increase in sale of machined PC parts, the Company is confident about...