Bharat Forge (BFL), a technology-driven metal forging company having a transcontinental presence, posted robust numbers for the March quarter. Revenues grew 30 percent year-on-year, driven by a strong performance in both export and domestic markets.
A positive outlook for end user industries, strong demand for Class 8 trucks (15 tonne & above) in the US and multiple growth triggers make it an ideal investment call, although its rich valuations temper our excitement.
The strong growth in revenues was driven by a 24.5 percent YoY growth in volumes and a 4.7 percent growth in realisations. Read More
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