Bharat Forge speeds up

Bharat Forge is among the top five gainers on the BSE since the opening bell today. The stock rose almost 3.5% to Rs.698, with some 73,000 shares changing hands.

The stock is up on news that orders for North America Class 8 trucks for Nov’17 showed a massive 68% (YoY) jump at 32,387 units. The surge in order indicates that growth is picking up in USA.

This surge in order is very significant for Bharat Forge as 40% of its total revenue comes from North America.