Bharat Forge puts up a strong show in Q4, but valuations remain pricey
Bharat Forge was able to pass on the increase in input cost, particularly higher metal prices, in Q4
While the global automotive segment is seeing a good pick-up, semiconductor shortage is a worry
For Bharat Forge Ltd (BFL), the fourth-quarter numbers all prove a point: the company is making the most of the global post-pandemic recovery. Little surprise then that its Q4 results beat revenue and operating profit estimates of the Street, sending the BFL stock more than 7% higher post results on Friday.
Get the best recommendations on Stocks, Mutual Funds and more based on your Risk profile!Let’s get started