Bharat Forge is expecting revenues of USD 100 million from its aerospace vertical over the next 2-3 years, expects a double digit growth in overall revenues this year given strong order book in North America and back home, robust growth in the passenger car segment. Kalyani expects the company’s local operations to generate Rs Rs 7000 crore of revenues by FY17-18, an increase of around 50 percent.
The market is flat as the Sensex is down 34.20 points at 27803.01. The Nifty is down 9.85 points at 8413.40. About 995 shares have advanced, 1433 shares declined, and 141 shares are unchanged. Coal India and Bajaj Auto are up 4 percent each. Axis Bank, Tata Motors and HUL are top gainers in the Sensex. Among the losers are Tata Steel, Vedanta, Cipla, ITC and Tata Power. India is not going to be the only game in emerging markets forever, in fact last year was an unusual situation, says Arvind Sanger of Geosphere Capital Management.
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