Shares of Bharat Forge dropped 5% on Monday after North America Class 8 truck orders for July hit a 15-month low. As of 9:30 AM, Bharat Forge shares were trading 5.04% lower at ₹1,572.05 on NSE.
Key Points:
- North America Class 8 Truck Orders:
- Total Units: 12,400 units
- Monthly and Yearly Decline: Orders fell both month-on-month and year-on-year.
- July Decline: Down 8% year-on-year and 5% month-on-month.
#JulyAutoSale | July Class 8 Truck Orders
🚛N America Class 8 Truck Orders At 12,400 Units, At A 15-mth Low
🚛N America Class 8 Truck Orders Fall Both MoM & YoY
🚛July Orders Down 8% YoY & 5% MoM pic.twitter.com/EzQlzHhM2u
— CNBC-TV18 (@CNBCTV18Live) August 5, 2024
Bharat Forge Share Price history
| Day | Open | Close | Day’s change |
|---|---|---|---|
|
Fri, Aug 2 2024 |
₹1,707.00 |
₹1,655.40 |
-3.62% |
|
Thu, Aug 1 2024 |
₹1,740.00 |
₹1,717.55 |
-0.92% |
|
Wed, Jul 31 2024 |
₹1,736.15 |
₹1,733.50 |
-0.59% |
|
Tue, Jul 30 2024 |
₹1,740.45 |
₹1,743.85 |
|
|
Mon, Jul 29 2024 |
₹1,694.95 |
₹1,737.00 |
|
|
Fri, Jul 26 2024 |
₹1,604.60 |
₹1,684.90 |
|
|
Thu, Jul 25 2024 |
₹1,570.00 |
₹1,592.40 |
|
|
Wed, Jul 24 2024 |
₹1,598.50 |
₹1,591.15 |
-0.47% |
Bharat Forge, founded in 1961 and headquartered in Pune, is an Indian multinational company and a flagship entity of the Kalyani Group. It is a leading manufacturer in the automotive, energy, construction, mining, railways, marine, aerospace, and defence sectors. Known for producing axle beams, steering knuckles, connecting rods, and crankshafts, Bharat Forge operates the world’s largest single-location forging facility with fully automated systems and state-of-the-art machinery. Its manufacturing units are located in Mundhwa, Satara, Baramati, and Chakan in Maharashtra.