 "trucks, bharat forge, cv, vehicles, highway, roads")
The Bharat Forge scrip slipped 2.6 per cent in trade after Class 8 orders in the North American market saw a 26 per cent month-on-month dip in September. The drop comes after orders for these heavy trucks hit a five-month high in August. Analysts highlight the base effect, tapering of demand situation and acute shortage of components especially semiconductors as the reasons for the dip in orders.
While pent-up demand constrained by lower output could spillover to CY22, the near-term concerns on supply could be an overhang on the stock as the North American heavy truck segment accounts for about
