Forging sector - US Class 8 truck order by Mr. Jyoti Roy, DVP - Equity Strategist, Angel Broking Ltd

"US class 8 truck orders were up sharply by 90% YoY and 3.0% MoM for the month of August 2020 to 20,500 units which is positive news for forging companies like Bharat Forge and Ramakrishna forging which supplies components for US class 8 trucks. This is the second month in a row that class 8 truck orders have been above 20,000 units and are expected to stay in the range going forward as the US economy is gradually opened up. While the domestic MHCV industry is expected to remain muted for some time, greater demand from the US should provide support to forging companies."

Source : Equity Bulls

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