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.
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