Ramkrishna Forgings surges on bagging export order worth Rs 115 crore
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
Ramkrishna Forgings is currently trading at Rs. 163.00, up by 0.90 points or 0.56% from its previous closing of Rs. 162.10 on the BSE.
The scrip opened at Rs. 164.95 and has touched a high and low of Rs. 164.95 and Rs. 162.40 respectively. So far 4159 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. 120.75 on 18-Jun-2021.
Last one week high and low of the scrip stood at Rs. 168.85 and Rs. 160.60 respectively. The current market cap of the company is Rs. 2615.93 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 received an export order worth Rs 115 crore over the period of 4 years from a European Tier 1 supplier for a new differential housing case business. The order win will assist in taking forward company’s geographical diversification strategy and strengthen European order book, by introducing new, high-quality products and moving up the value chain.
Earlier, the company had received a multi-year export order worth Rs 105 crore per annum from the leading manufacturer of chassis-related systems and components primarily for trailers as well as for trucks and buses in the USA.
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.
