Bharat Forge is trading flat with a positive bias.
Media
reports stated that preliminary orders for new Class 8 trucks fell
again in November 2019 after a month of improved bookings in October
2019.
FTR
Transportation Intelligence said that orders by the six major brands
totaled 17,300 units, the slowest in four years and 39% yoy.
The
slowdown in orders has led to layoffs of hundreds of production workers
by Daimler Trucks North America, Volvo Trucks North America, Paccar
Inc., and Navistar International Corp.
Bharat Forge Ltd is currently trading at Rs447.55 down by Rs0.45 or 0.1% from its previous closing of Rs448 on the BSE.
The
scrip opened at Rs445 and has touched a high and low of Rs451.40 and
Rs431.25 respectively. So far 12,49,747 (NSE+BSE) shares were traded on
the counter. The current market cap of the company is Rs20,858.37cr.
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