Wednesday, 6 March 2019

Bharat Forge Shares Have Declined Around 2 Percent After The Steep Decline

Bharat Forge shares have declined around 2 percent after the steep decline in North America class 8 truck orders.

North American Class 8 truck orders for February remained subdued for the second consecutive months at 16,700 units, falling sharply by 58 percent compared to same month last year, FTR Transportation Intelligence said.

Company shares rallied more than 12 percent in morning on Wednesday after North American fund manager CDPQ signed deal to invest $250 mn in the company's NBFC subsidiary.

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