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. This shows that the firm has been able to pass on the increase in input costs, particularly higher metal prices. As a result, Bharat Forge was able to clock a sharp 48.4% year-on-year increase in revenue. Its main segments of heavy trucks, both in the US and Europe, are seeing a sharp recovery post-covid-19 lockdown. Besides, the stock’s valuations factor in some of the growing visibility coming from the global recovery.

Source: Mint June 06, 2021 16:30 UTC