Multiple tailwinds likely to lift Bharat Forge further in FY22: Analysts

Most of its segments are expected to be in positive territory for the first time in several year

Strong order momentum for Class 8 trucks, the rising share of the passenger vehicle (PV) business, a rebound in oil prices, and traction in the defence business points to a strong FY22 for Bharat Forge.
 
Though the Indian commercial vehicle (CV) sector is growing at a slower pace, the recovery in economic activity is expected to boost volumes. The sector reported 9 per cent YoY growth in February, as compared to double-digit growth in most segments. Ronak Mehta of Nirmal Bang Research believes leading indicators, such as rail freight traffic, port traffic, and e-way bills point to a revival