Accumulate' The Stock Of Bharat Forge, Company's Quarterly Revenue Up 35% YoY

Brokerage firm Geojit suggests buying the stock of Bharat Forge Ltd. The demand for the automobile segment remains robust in both domestic and export markets. Revenue for the last quarter increased by 35% YoY on the back of a sharp recovery and a pass through of steel price inflation. The Current Market Price (CMP) of Bharat Forge is Rs. 741.