A muted outlook and weak December quarter results led to a 3.7 per cent fall in the stock of Bharat Forge. Sluggish demand across segments saw volume in terms of tonnage fall 30 per cent year-on-year (YoY).
While weakness was evident in exports, the overall decline in revenues of 36 per cent was led by the domestic segment, which reported a 39.5 per cent fall. The company indicated that the demand scenario over the next couple of quarters will be soft. While the transition to BS-VI emission standards, which come into force on April 1, is responsible for the uncertainty in the domestic ...
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First Published: Mon, February 10 2020. 21:56 IST
