Ramkrishna Forgings soars on securing order from European Railway Passenger Coach Manufacturer
Ramkrishna Forgings is currently trading at Rs. 422.50, up by 10.90 points or 2.65% from its previous closing of Rs. 411.60 on the BSE.
The scrip opened at Rs. 417.00 and has touched a high and low of Rs. 429.00 and Rs. 417.00 respectively. So far 164 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 429.00 on 14-Jun-2023 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. 429.00 and Rs. 377.80 respectively. The current market cap of the company is Rs. 6582.38 crore.
The promoters holding in the company stood at 46.27%, while Institutions and Non-Institutions held 19.57% and 34.16% respectively.
Ramkrishna Forgings has successfully received an order to supply undercarriage parts to a renowned European Railway Passenger Coach manufacturer. The contract is valued at 4.5 million Euros and is set to be fulfilled within a span of two years.
This order is from a prominent European Railway Passenger Coach manufacturer and is a testament to the company's dedication to excellence in the field of fabrication. The successful acquisition of this order not only signifies the trust placed in the company’s capabilities but also serves as a significant boost to revenues from the fabrication vertical. The order will also create additional opportunities for the company to expand its footprint in European Railway.
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.
