Bharat Forge Ltd.

NSE: BHARATFORG | BSE: 500493 | ISIN: INE465A01025 |Industry: Other Industrial Products
|Expensive Performer
367.00 -8.35 (-2.22%)
NSE Jul 08, 2020 12:04
Volume: 1.1M
 

Bharat Forge Ltd.    
30 Jun 2020
367.00
-2.22%
buy
ICICI Securities Limited
BFL's segmental revenue mix at standalone level for FY20 was at ~39% CV, ~37% industrial, ~16% PV, ~8% others. The CV space domestically (~11% of sales) as well as in overseas geographies (~29% of sales) remains a laggard. In India, present run rate of retail sales for M&HCVs; trails wider industry by a large margin when compared to pre-Covid levels on account of continued demand side (muted economic activity) and supply side (system overcapacity, revised axle load norms) issues. We expect the domestic CV recovery to be quite gradual in nature. In the US Class 8 truck...
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Bharat Forge Ltd. has lost -24.13% in the last 6 Months
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