Growth worries may keep Bharat Forge under pressure; earning estimate cut

The stock of Bharat Forge was down 17 per cent over the past two trading sessions due to a weak near-term growth outlook, though it has marginally recovered by 0.4 per cent to Rs 1,109.15 (on the BSE) on Wednesday. 
 

The management highlighted that in Q4FY24 and FY25, the growth momentum would moderate in both domestic and export markets across industries.

The company, however, is looking to outperform the market led by a diversified business mix.

Brokerages have cut their earnings estimates by up to 11 per cent given the slowdown in multiple segments. 

The management indicated that demand