Bharat Forge jumps 4% on strong truck orders in North America

Shares of Bharat Forge jumped over 4 percent intraday as investors cheered the better order book for February. North America truck orders in February stood at 22900, up 28 percent year-on-year against 17902 units. A steady order trend has pushed the backlog of the firm to 1 lakh units for the first time since June 2016.Meanwhile, an average of Class 8 truck orders for the last three months stood at 21900 against 15,200 units between August and November. The stock has gained over 12 percent in the past one month, while its three-day gain stood at 2 percent. At 13:23 hrs, Bharat Forge was quoting at Rs 1,068.40, up Rs 24.50, or 2.35 percent, on the BSE. It has touched an intraday high of Rs 1,088.90 and an intraday low of Rs 1,063.50.