Bharat Forge Share Price: CLSA says strong balance sheet to underscore growth opportunities
The commentary indicated a strong sequential recovery should continue in both India and export markets except for lockdown-related short-term volatility. Bharat Forge is witnessing strong traction in the US and India truck segments. While oil and gas (O&G) could remain weak near-term, management is trying to increase revenues from segments such as wind energy and marine.
Bharat Forge will also try to use its strong FCF (Free Cash Flow) and balance sheet to look at potential inorganic opportunities, especially in India: ANI