Ramkrishna Forgings jumps on winning export order for Front Axle business
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Ramkrishna Forgings is currently trading at Rs. 192.65, up by 9.40 points or 5.13% from its previous closing of Rs. 183.25 on the BSE.
The scrip opened at Rs. 186.65 and has touched a high and low of Rs. 194.50 and Rs. 184.00 respectively. So far 57021 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 251.92 on 11-Oct-2021 and a 52 week low of Rs. 100.79 on 22-Apr-2021.
Last one week high and low of the scrip stood at Rs. 194.50 and Rs. 178.00 respectively. The current market cap of the company is Rs. 3073.52 crore.
The promoters holding in the company stood at 46.24%, while Institutions and Non-Institutions held 18.88% and 34.89% respectively.
Ramkrishna Forgings has won an export order with an estimated business value of Rs 33 crore over 5 years from Europe's leading Tier-1 axle manufacturer for the Front Axle business. Earlier, the company had received biggest export order worth Rs 135 crore from a Euroasian OEM manufacturer for the Heavy Duty Commercial Vehicle Crank Shafts (06 CYL) Business to be executed in next five years.
Ramkrishna Forgings is engaged in the manufacture of Screw Couplings, Draw Gear Assembly, Snubber Assembly, Hanger, Block Hanger Side Frame Key and various other forgings items of Railway Coaches and Wagon.
