Ramkrishna Forgings zooms on winning order from India's largest MHCV OEM
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Ramkrishna Forgings is currently trading at Rs. 189.30, up by 7.85 points or 4.33% from its previous closing of Rs. 181.45 on the BSE.
The scrip opened at Rs. 183.00 and has touched a high and low of Rs. 197.25 and Rs. 183.00 respectively. So far 37166 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. 96.97 on 18-Mar-2021.
Last one week high and low of the scrip stood at Rs. 197.25 and Rs. 158.52 respectively. The current market cap of the company is Rs. 3069.83 crore.
The promoters holding in the company stood at 46.04%, while Institutions and Non-Institutions held 21.43% and 32.52% respectively.
Ramkrishna Forgings has won an order worth of Rs 75 crore per annum from India's largest OEM (Original Equipment Manufacturer) in the MHCV (Medium and Heavy Commercial Vehicle) segments. This order demonstrates company’s superior product quality and strong execution capabilities. The company is seeing an increasing acceptance of its products from a wide range of customers across segments and geographies.
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.
