It looks like Indian auto stocks were running out of fuel after a prolonged journey that saw them achieve new milestones and deliver impressive performances. The sector had been on a remarkable upward trajectory for months, consistently reaching new heights and capturing investor attention.
Bharat Forge
Stocks To Watch: Hindalco, Info Edge, Vedanta, Bharti Airtel, Bharat Forge
Stocks To Watch: Hindalco, Info Edge, Vedanta, Bharti Airtel, Bharat Forge : Indian equities fell the most in two months on Monday, ending lower for the fifth straight session as a rise in active Covid-19 cases across the country dented sentiment. The S&P BSE Sensex ended 2.2% or 1,145 points lower at 49,744 while the NSE Nifty 50 index fell 2% or 300 points to end at 14,675.
Bharat Forge Share Price Rises On Acquiring Stake In U.K.’s Tevva Motors
Gold Silver Reports (GSR) – Bharat Forge Rises On Acquiring Stake In U.K.’s Tevva Motors – Shares of the Pune-based auto parts maker rose as much as 2.49 percent, the most since May 25, to Rs 668.20. Bharat Forge has picked up a strategic stake in UK-based Tevva Motors, a provider of electric powertrain solutions for commercial vehicles, for £10 million.
RK Forgings, Bharat Forge Rise After North America Class 8 Truck Orders Surge
Gold Silver Reports (GSR) – RK Forgings, Bharat Forge Rise After North America Class 8 Truck Orders Surge — Shares of Ramkrishna Forgings surged as much as 4 percent to Rs 810.55 and Bharat Forge climbed 2.4 percent to Rs 734.