Bharat Forge hits 8 year high on Goldman upgrade
Apr 09 2014 , Mumbai
Goldman also upgraded truck maker Ashok Leyland Ltd to "neutral" from "sell," saying both stocks could be beneficiaries of any macro improvement at home and abroad.
The investment bank said Bharat Forge would benefit from improved truck demand from the European Union and the United States, as well as favourable raw material and currency exchange rates.
For Ashok Leyland, Goldman said the stock would benefit from improved domestic demand at home.
Bharat Forge was up 1.71 percent to 444.30 rupees, while Ashok Leyland was up 2.82 percent to 23.70 rupees at 11:29 a.m.