Truck orders fell in December 2019 vs. December 2018, however, bookings were up 14% MoM, according to ACT Research.
The industry is seeing a record backlog and has trimmed production which has led to thousands of job losses.
Bharat Forge Ltd, which manufactures class 8 trucks, is currently trading at Rs484.75 down by Rs1.8 or 0.37% from its previous closing of Rs486.55 on the BSE.
The scrip opened at Rs491 and has touched a high and low of Rs491 and Rs484 respectively. So far 6,10,495 (NSE+BSE) shares were traded on the counter.
The current market cap of the company is Rs22,653.21cr.