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Bharat Forge: Bharat Forge in for more parts orders from N America, and a boost for shares – Blue Barrows

Posted on by [email protected]
10
Oct

The stock is trading 23 times the company’s one-year forward earnings per share, compared with its long-term average of 25 times.

Synopsis

The emerging earnings upside due to likely higher exports of commercial vehicle components could help Bharat Forge shares break the tight range they have been trading in for the past six months and move the price-earnings multiple towards its long-term average.

ET Intelligence Group: A sharp recovery in new orders for trucks in North America in September may lead to many investors raising their bets on Bharat Forge, despite the risk of macro headwinds the region is facing.

The emerging earnings upside due to likely higher exports of commercial vehicle components could help Bharat Forge shares break the tight range they have been trading in for the past six months and move the price-earnings multiple

BY

ET Bureau

4 mins read, Last Updated:

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