InvestorQ : Bharat Forge has been underperformer for quite some time. Can I buy the stock after the results?
Chandralekha Desai made post

Bharat Forge has been underperformer for quite some time. Can I buy the stock after the results?

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Mitali Bhutta answered.
2 years ago
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You are right that due to problems of slowdown in the American truck market, Bharat Forge price have fallen quite sharply in the last few months and is now quoting very near its low price for the year. American truck market continues to be Bharat Forge’s single largest market and that is why the stock has come under pressure. For the quarter, the company’s profit was up by nearly 200% at Rs.300 crore, while total income for the quarter was up by nearly 15% at Rs.1718 crore. Profits for the full year have also shown a growth of 37%. With the slowing American market and the weak auto demand in India, auto ancillary companies like Bharat Forge have been under tremendous pressure. It is better to stay off Bharat Forge for now.

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