Bharat Forge in acceleration mode

Among the key triggers are strong sales in the US commercial vehicles market and rebound in oil and gas orders

The stock of Bharat Forge touched a fresh 52-week high on multiple triggers, both in the Indian and US market segments. Key verticals of its auto and industrial business, be it commercial vehicles, passenger cars or oil and gas, are after many years witnessing higher demand at the same time. The immediate triggers are the sales of medium and heavy commercial trucks both in the US (class 8 vehicles) and in India. The commercial vehicles (CV) business is the single-largest segment for the company, accounting for about 40% of consolidated revenues. CV makers are the key clients of the company