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Multiple triggers support long-term outlook for Bharat Forge

In the near term, supply challenges and cost pressures to impact margins

Earnings pressure hits auto component companies' share prices
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Ram Prasad Sahu Mumbai
A weak performance in the March quarter due to muted export revenues from commercial vehicles and supply chain issues led to an 8 per cent fall in the stock of Bharat Forge from the highs this month. While this trend and the pressure on margins will remain in the short term, brokerages are positive on the stock citing strong growth for non-auto business, India CV revival and revenue inflow from multiple defence projects it has bid for.

Pegged back by a 10 per cent decline in export revenues the company saw a marginal decline in revenues on a sequential basis.

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First Published: Feb 22 2022 | 7:36 PM IST

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