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Premium valuation of this auto ancillary stock looks sustainable. Should you buy?
Synopsis
The company’s domestic revenue from trucks division, which accounts for 40% of the standalone revenue, has started showing signs of revival following increasing fleet utilization and new infrastructure orders.
ET Intelligence Group: Improving truck sales in the domestic and the US markets and rising focus on the non-truck segment of revenue augur well for forging component maker Bharat Forge. Though the stock trades at premium valuation, it may sustain given the increasing business momentum.The company’s domestic revenue from trucks division, which accounts for 40% of the standalone revenue, has started showing signs of revival following increasing
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