Bharat Forge slips as North American order inflow falls to 6-year low

The company received orders of 14,100 units for its Class – 8 truck in North America, signifying a drop of 30 per cent. The order flow was the lowest since May, 2010.

Bharat Forge slips as North American order inflow falls to 6-year low
NEW DELHI: Shares of Bharat Forge declined in Thursday’s trade after company’s order count for June in North America fell to a six-year low.

The company received orders of 14,100 units for its Class – 8 truck in North America, signifying a drop of 30 per cent. The order flow was the lowest since May, 2010.

Reacting to the development, the scrip slipped 2.65 per cent to hit a low of Rs 747.85 on the BSE. The scrip has lost 15 per cent in the year so far.
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