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Bharat Forge to ride on CV biz, defence deals
Business Standard
|June 22, 2026
The stock advanced 7% over the past month, outperforming the Nifty 50
Shares of Bharat Forge closed at a new high on Friday. The stock has outperformed the benchmark Nifty 50's flat showing over the past month, advancing 7 per cent, on the back of multiple defence contracts and alliances, robust Class 8 truck sales in North America and uptick in the industrial segment.
But despite hitting their alltime highs, shares of the autocomponent and defence major trade at elevated valuations, given 40 per cent gain in six months and a 60 per cent jump over the past year.
At 2,041 apiece, the stock is trading at 51 times its financial year 2027 (FY27) earnings estimates.
Order wins and partnerships have been the near term triggers for the stock's gains. The company signed a 425 crore contract with the defence ministry for the supply of gas turbine generators (GTGS) to the Indian Navy for onboard power generation for Kolkata class ships.
This story is from the June 22, 2026 edition of Business Standard.
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