Bharat Forge, Ramkrishna Forgings and Samvardhana Motherson rise despite poor US truck sales data
The sales of North America Class-8 trucks declined by 5.9 per cent in December to 26,620 from 28,300 units Year-on-Year.
Shares of truck part manufacturers Bharat Forge, Ramkrishna Forgings, GNA Axles, and Samvardhana Motherson were trading in positive territory despite the data from the US showing that truck sales in certain classes in the United States witnessed a fall Year-on-Year (YoY) in December.
What US truck sales data say
The sales of North America Class-8 trucks declined by 5.9 per cent in December 2023 to 26,620 from 28,300 units YoY.
Performance of truck part manufacturers
Bharat Forge
Bharat Forge was trading higher by 0.53 per cent, or Rs 6.60, at Rs 1242.00, at 11:33 am on Thursday. The stock of the large-cap company hit 52-week highs on January 1 and 2.
Ramkrishna Forgings
The stockof the company rose higher by 1.87 per cent, or Rs 13.40, at Rs 731.00.
Samvardhana Motherson
The stock of the large-cap firm was up by 2.26 per cent, or Rs 2.30, at Rs 104.10 on Thursday. The stock hit back-to-back 52-week highs on January 1 and 2.
G N A Axles
The small-cap firm's shares are also in green as they were up by 1.22 per cent, or Rs 5.40, at Rs 448.70 on Thursday.
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