Bharat Forge gears up for a better FY22 on rising exports
Export contributed nearly 55% to the total revenue.
Synopsis
Analysts have upgraded the FY22 earnings forecast for the company by 15-20% following a strong and sustainable growth in exports and improving prospects of the non-automotive segment.
ET INTELLIGENCE GROUP: The stock of Bharat Forge has gained nearly 8% in the two trading sessions since its quarterly result on Friday morning. Analysts have upgraded the FY22 earnings forecast for the company by 15-20% following a strong and sustainable growth in exports and improving prospects of the non-automotive segment.
The company’s export revenue rose by 49.3% to Rs 731 crore in the March quarter led by 65% growth in the supply to
