Ramkrishna Forgings shines on bagging order worth Rs 113.16 crore
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Ramkrishna Forgings is currently trading at Rs. 231.95, up by 8.85 points or 3.97% from its previous closing of Rs. 223.10 on the BSE.
The scrip opened at Rs. 223.15 and has touched a high and low of Rs. 235.60 and Rs. 223.15 respectively. So far 96145 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 238.00 on 24-Oct-2022 and a 52 week low of Rs. 145.50 on 21-Jun-2022.
Last one week high and low of the scrip stood at Rs. 238.00 and Rs. 221.00 respectively. The current market cap of the company is Rs. 3708.75 crore.
The promoters holding in the company stood at 46.23%, while Institutions and Non-Institutions held 18.49% and 35.28% respectively.
Ramkrishna Forgings has awarded a 4-year contract for the supply for heavy duty commercial vehicles for its European application worth Rs 113.16 crore (Euro 13.8 million). These order wins not only raise the profile of the company’s international operations, but they also strengthen its long-term customer relationships.
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.
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