Bharat Forge forges ahead on new orders

Dalal Street Spikes

 The counter had moved up in afternoon trades on news that the company is said to have bagged new contracts from Ford and DaimlerChrysler.

 The company is said to have announced about bagging new contracts and orders from various global auto makers on Tuesday.

 The company has also benefited from exports, which have been driving the growth in the recent past. The company announced a rise in its second quarter net profit on Tuesday.