Signals, Powered By EquityPandit
Shares of Bharat Forge Ltd. are trading flat after touching a day’s high of Rs 1,551 on 3rd October, following the firm’s report on the latest data from Class 8 Truck orders in North America.
Class 8 truck orders in North America surged to a 10-month high of 30,000 units in September, marking a 124% increase compared to August. However, this figure was down by 3.5% on a year-over-year basis.
In August, Class 8 truck orders in North America were reported at 13,400 units, reflecting a 2% gain from July but a 16% decline compared to the same month last year.
The firm is actively involved in North America’s Class 8 trucks market. Historically, OEMs (original equipment manufacturers) open their order books for the next year in September.
Historical Data :
| 2024 | Units |
| Sept | 30,000 |
| Aug | 13,400 |
| July | 12,400 |
| Jun | 13,100 |
| May | 18,900 |
| April | 14,000 |
| Mar | 18,200 |
| Feb | 25,700 |
| Jan | 26,400 |
The stock has surged 22% so far in 2024. The company’s market capitalisation is around Rs 70,816 crore.
At 10:39 AM, the shares of Bharat Forge were trading 0.57% lower at Rs 1,521.50 on NSE.
Tired of missing hot stocks? Unicorn Signals provides powerful tools like stock scans and more help you make informed trading decisions. Download now and take control of your portfolio!
