Moneycontrol
/home/moneycontrol/commonstore/commonfiles/headband_data_live.json
Array
(
    [0] => Array
        (
            [title] => Exclusive keynote by MSME Minister Nitin Gadkari at Small Business Virtual Summit with CISCO on 17th July - Register Now
            [lp_url] => https://www.moneycontrol.com/cisco-smb-virtual-summit/?utm_source=moneycontrol&utm_medium=headband&utm_campaign=cisco_smb
            [ga_event_tracker] => Array
                (
                    [category] => Register-webinar
                    [action] => From-Home
                    [label] => Register-webinar
                )

            [start_date] => 2020-07-08 00:00:00
            [start_date_epoch] => 1594146600
            [end_date] => 2020-07-10 16:00:00
            [end_date_epoch] => 1594377000
            [rank] => 1
        )

    [1] => Array
        (
            [title] => LIVE Webinar: RSI - 5 Star Trading Strategy Webinar by Vishal B. Malkan . Watch Now!
            [lp_url] => https://www.moneycontrol.com/ms/malkansviews/?utm_source=Moneycontrol&utm_medium=Headdband
            [ga_event_tracker] => Array
                (
                    [category] => Watchnow-webinar
                    [action] => From-Home
                    [label] => Watchnow-webinar
                )

            [start_date] => 2020-07-10 16:00:00
            [start_date_epoch] => 1594377000
            [end_date] => 2020-07-10 17:00:00
            [end_date_epoch] => 1594380600
            [rank] => 2
        )

    [2] => Array
        (
            [title] => Tune in on 17th July for the Small Business Virtual Summit with Cisco. Register now!
            [lp_url] => https://www.moneycontrol.com/cisco-smb-virtual-summit/?utm_source=moneycontrol&utm_medium=headband&utm_campaign=cisco_smb
            [ga_event_tracker] => Array
                (
                    [category] => Register-webinar
                    [action] => From-Home
                    [label] => Register-webinar
                )

            [start_date] => 2020-07-10 17:00:00
            [start_date_epoch] => 1594380600
            [end_date] => 2020-07-17 11:00:00
            [end_date_epoch] => 1594963800
            [rank] => 3
        )

    [3] => Array
        (
            [title] => Special Offer: Subscribe to Moneycontrol PRO at ₹1 per day for the first year. Use Coupon: PRO365.
            [lp_url] => https://www.moneycontrol.com/promos/pro.php
            [ga_event_tracker] => Array
                (
                    [category] => PRO365
                    [action] => From-Home
                    [label] => Ribbon
                )

            [start_date] => 2020-07-17 11:00:00
            [start_date_epoch] => 1594963800
            [end_date] => 2020-07-31 23:00:00
            [end_date_epoch] => 1596216600
            [rank] => 4
        )

)
Array
(
    [count] => 1
    [data] => Array
        (
            [0] => Array
                (
                    [title] => Tune in on 17th July for the Small Business Virtual Summit with Cisco. Register now!
                    [link] => https://www.moneycontrol.com/cisco-smb-virtual-summit/?utm_source=moneycontrol&utm_medium=headband&utm_campaign=cisco_smb
                    [ga_event_tracker] => Array
                        (
                            [category] => Top Band
                            [action] => Virtual Summit
                            [label] => From-Home
                        )

                )

        )

)
Tune in on 17th July for the Small Business Virtual Summit with Cisco. Register now!
Last Updated : Feb 06, 2017 02:45 PM IST | Source: Moneycontrol.com

Bharat Forge up 4% on pick up in North America truck orders

North America Class 8 truck orders in January increased 20 percent YoY to 21,600 units, according to data available with FTR Transport Intelligence. On month-on-month basis, the growth was only 1.76 percent.

 
 
live
  • bselive
  • nselive
Volume
Todays L/H
More

Moneycontrol Bureau


Bharat Forge shares surged more than 4 percent intraday Monday after improvement in US truck orders in January.
 
North America Class 8 truck orders in January increased 20 percent YoY to 21,600 units, according to data available with FTR Transport Intelligence. On month-on-month basis, the growth was only 1.76 percent.


In fact, there has been more improvement in market conditions since November 2016. About 30 percent of Bharat Forge revenue comes from North America Class 8 trucks.
 
CLSA has maintained buy rating on the stock as it sees high likelihood of an upturn by CY18. Imposition of import taxes in US is a risk factor, it feels.

Close

"Bharat Forge competes mainly with imports from other regions in US. Replacing these imports entirely with domestic supplies may not be possible. In worst case, Bharat Forge might have to bear entire brunt of taxes," the brokerage house explains.


Nomura, however, has retained its reduce rating on the stock, with a target price of Rs 797 as it was unusual for January orders to be higher than preceding three months. Fleets are more confident about market conditions than they were four months ago, it believes.

At 14:37 hours IST, the stock was quoting at Rs 988.15, up Rs 40.55, or 4.28 percent on the BSE.

Posted by Sunil Shankar Matkar

First Published on Feb 6, 2017 02:45 pm
Sections