Bharat Forge shares gained more than 3 percent in morning after strong trend continued in North America class 8 truck orders in November.
North America class 8 truck orders for the November month were at 32,387 units, a massive growth of 68 percent over 19,285 units in year-ago.
The reason for strong leap in truck and tractor sales was US economic growth that has been topping 3 percent for last two quarters.
However, month-on-month basis, class 8 truck orders declined 9 percent from 35,700 units in October.
The rupee strengthened by 12 paise to 64.25 against the dollar at the interbank Forex market today on increased selling of the American currency by banks and exporters.
The dollar losing sheen against some other currencies overseas also supported the local unit, traders said.
Yesterday, the rupee had rebounded by 9 paise to end at 64.37 against the US dollar in a highly volatile trade on fresh selling of the greenback and also emboldened by encouraging Q2 GDP numbers and monthly manufacturing data.
For more information Whatsapp@ +91-9755855566 or visit@ http://www.saiproficient.com/
North America class 8 truck orders for the November month were at 32,387 units, a massive growth of 68 percent over 19,285 units in year-ago.
The reason for strong leap in truck and tractor sales was US economic growth that has been topping 3 percent for last two quarters.
However, month-on-month basis, class 8 truck orders declined 9 percent from 35,700 units in October.
The rupee strengthened by 12 paise to 64.25 against the dollar at the interbank Forex market today on increased selling of the American currency by banks and exporters.
The dollar losing sheen against some other currencies overseas also supported the local unit, traders said.
Yesterday, the rupee had rebounded by 9 paise to end at 64.37 against the US dollar in a highly volatile trade on fresh selling of the greenback and also emboldened by encouraging Q2 GDP numbers and monthly manufacturing data.
For more information Whatsapp@ +91-9755855566 or visit@ http://www.saiproficient.com/
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