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Ramkrishna Forgings is currently trading at Rs. 660.85, up by 6.95 points or 1.06% from its previous closing of Rs. 653.90 on the BSE. The scrip opened at Rs. 666.95 and has touched a high and low of Rs. 666.95 and Rs. 655.85 respectively. So far 14424 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 688.80 on 22-Aug-2023 and a 52 week low of Rs. 175.50 on 26-Sep-2022. Last one week high and low of the scrip stoo...
Ramkrishna Forgings gains on winning business contract worth around Rs 73.65 crore
Ramkrishna Forgings is currently trading at Rs. 668.05, up by 15.20 points or 2.33% from its previous closing of Rs. 652.85 on the BSE. The scrip opened at Rs. 661.10 and has touched a high and low of Rs. 674.05 and Rs. 659.95 respectively. So far 7213 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 688.80 on 22-Aug-2023 and a 52 week low of Rs. 175.50 on 26-Sep-2022. Last one week high and low of the scrip stoo...
Ramkrishna Forgings soars on baggng business contract worth around Rs 156 crore
Ramkrishna Forgings is currently trading at Rs. 613.30, up by 18.50 points or 3.11% from its previous closing of Rs. 594.80 on the BSE. The scrip opened at Rs. 599.95 and has touched a high and low of Rs. 617.90 and Rs. 599.50 respectively. So far 10926 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 617.90 on 17-Aug-2023 and a 52 week low of Rs. 175.50 on 26-Sep-2022. Last one week high and low of the scrip sto...
Ramkrishna Forgings soars on bagging significant business contract worth around Rs 145 crore
Ramkrishna Forgings is currently trading at Rs. 593.80, up by 10.20 points or 1.75% from its previous closing of Rs. 583.60 on the BSE. The scrip opened at Rs. 591.00 and has touched a high and low of Rs. 596.00 and Rs. 585.05 respectively. So far 10142 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 599.40 on 09-Aug-2023 and a 52 week low of Rs. 175.50 on 26-Sep-2022. Last one week high and low of the scrip sto...
Ramkrishna Forgings trades higher on the BSE
Ramkrishna Forgings is currently trading at Rs. 586.40, up by 4.00 points or 0.69% from its previous closing of Rs. 582.40 on the BSE. The scrip opened at Rs. 586.65 and has touched a high and low of Rs. 591.00 and Rs. 576.60 respectively. So far 30954 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 599.40 on 09-Aug-2023 and a 52 week low of Rs. 175.50 on 26-Sep-2022. Last one week high and low of the scrip stoo...
Ramkrishna Forgings moves up on securing business contract worth $13.65 million per year
Ramkrishna Forgings (RKFL) reported a strong Q1FY24 performance, with revenue up 28% YoY (despite Q1 being seasonally weak; flat QoQ) and 25% YoY rise in volumes on stronger exports. RKFL is undertaking several initiatives (refer to our report) to structurally boost its growth prospects, thus moving into higher value-add assemblies and diversifying by exploring complementary products & assemblies, apart from future-proofing itself in the EV-shift together with high focus on BS deleveragin...
Buy Ramkrishna Forgings Ltd For Target Rs. 555 - Emkay Global Financial Services Ltd
Ramkrishna Forgings is currently trading at Rs. 496.15, up by 7.80 points or 1.60% from its previous closing of Rs. 488.35 on the BSE. The scrip opened at Rs. 486.05 and has touched a high and low of Rs. 497.00 and Rs. 486.05 respectively. So far 4436 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 498.95 on 18-Jul-2023 and a 52 week low of Rs. 158.70 on 20-Jul-2022. Last one week high and low of the scrip stood...
Ramkrishna Forgings rises on commencing commercial production at Jharkhand facility
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...
Ramkrishna Forgings soars on securing order from European Railway Passenger Coach Manufacturer
About the stock: Ramkrishna Forgings (RKF) is a Kolkata based forging company, incorporated in 1981. It has six manufacturing plants in India concentrated around Jamshedpur and Kolkata with installed capacity of 1,87,100 tonnes as on date. * FY23 mix: Asia 60%, Europe 15%, North America 25% * FY23 segment mix: auto ~79% (CV space); non-auto ~21% Q4FY23: RKF reported a healthy performance in Q4FY23. * Consolidated sales were up 14.7% QoQ to | 892 crore, with EBITDA at | 194 crore, ...
Buy Ramkrishna Forgings Ltd For Target Rs.400 - ICICI Direct
Ramkrishna Forgings (RMKF), India’s second-largest manufacturer and exporter of forging components, has undertaken several initiatives to structurally boost its growth prospects beyond being a proxy play on the domestic MHCV space, apart from futureproofing itself in the EV-shift, with high focus on balance sheet (BS) deleveraging. Initiatives are: * Emerging as a sub-assemblies/assemblies supplier: RMKF is continuously expanding its product basket through new-product introductions (...
Buy Ramkrishna Forgings Ltd For Target Rs.390 - Emkay Global Financial Services
The consortium of Ramkrishna Forgings Ltd and Titagarh Wagons Ltd has emerged the lowest bidder quoting Rs 12,226.50 crore for making about 1.54 million forged wheels for the Indian Railways for different trains, including Vande Bharat. The two company consortium would be required to set up a wheel test centre at a railway site for prototype testing of newly-designed wheels. "The consortium will set up a state-of-the-art manufacturing facility in India for forged wheel production a...
Ramkrishna Forgings-Titagarh Wagons L1 to make 1.54 mn wheels
Ramkrishna Forgings Seeding growth lever with changed FMEG revenue mix; retaining a Buy For RK Forgings, export opportunities continue to increase as the company acquires new customers, enters new regions and further grows its order book. It plans to add 56,000-tons in the near term, which would primarily cater to North American and European markets for EVs. Domestic demand remains robust and is expected to continue. Accordingly, we maintain a Buy at a revised TP of Rs385 (13x FY25e). ...
Buy Ramkrishna Forgings Ltd For Target Rs.385 - Anand Rathi Share and Stock Brokers
Ramkrishna Forgings is currently trading at Rs. 258.30, up by 1.55 points or 0.60% from its previous closing of Rs. 256.75 on the BSE. The scrip opened at Rs. 259.65 and has touched a high and low of Rs. 266.30 and Rs. 255.30 respectively. So far 97168 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 266.30 on 15-Dec-2022 and a 52 week low of Rs. 145.50 on 21-Jun-2022. Last one week high and low of the scrip stoo...
Ramkrishna Forgings rises on getting nod to acquire upto 51% voting rights in TSUYO Manufacturing
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 stoo...
Ramkrishna Forgings shines on bagging order worth Rs 113.16 crore
Federal Bank * Federal bank is one of India's largest old generation private sector banks. At the end of Q2 FY2023 the bank had advances of Rs. 1.61 lakh cr. And deposits of Rs 1.89 lakh cr. The bank predominantly has a secured lending book which helped limit asset quality issues during the Covid 19 pandemic. * Federal Bank has posted a good set of numbers for Q2FY23 as NII, and Advances increased by 19.1%/19.9% YoY. Provisioning for the quarter was up by mere 9% YoY because of whic...
Diwali Fundamental Muhurat Picks By Angel One
Ramkrishna Forgings is currently trading at Rs. 232.00, up by 3.00 points or 1.31% from its previous closing of Rs. 229.00 on the BSE. The scrip opened at Rs. 229.00 and has touched a high and low of Rs. 234.00 and Rs. 226.85 respectively. So far 23499 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 243.78 on 22-Oct-2021 and a 52 week low of Rs. 145.50 on 21-Jun-2022. Last one week high and low of the scrip stoo...
Ramkrishna Forgings gains on receiving long-term supply contract worth Rs 121.5 crore
Ramkrishna Forgings is currently trading at Rs. 215.50, up by 4.20 points or 1.99% from its previous closing of Rs. 211.30 on the BSE. The scrip opened at Rs. 208.00 and has touched a high and low of Rs. 218.00 and Rs. 208.00 respectively. So far 31849 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. 145.50 on 21-Jun-2022. Last one week high and low of the scrip stoo...
Ramkrishna Forgings jumps on securing order for application in North American HCVs
Ramkrishna Forgings is currently trading at Rs. 207.55, up by 0.20 points or 0.10% from its previous closing of Rs. 207.35 on the BSE. The scrip opened at Rs. 207.40 and has touched a high and low of Rs. 208.95 and Rs. 205.90 respectively. So far 44545 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. 145.50 on 21-Jun-2022. Last one week high and low of the scrip stoo...
Ramkrishna Forgings rises on approving fund raise of Rs 94.3 crore via preferential issue
Ramkrishna Forgings advanced 3.05% to Rs 204.55 after the company said that its board will meet on Monday, 12 September 2022, to consider and evaluate the proposals for fund raising. The funds would be raised through issuance of equity shares/ preference shares/warrants/ any other securities, including through preferential issue on a private placement basis or any other methods or combination thereof. Ramkrishna Forgings is primarily engaged in manufacturing and sale of forged components o...
Ramkrishna Forgings gains as board to mull fund raising on 12 September
Ramkrishna Forgings is currently trading at Rs. 202.95, up by 5.90 points or 2.99% from its previous closing of Rs. 197.05 on the BSE. The scrip opened at Rs. 200.00 and has touched a high and low of Rs. 205.65 and Rs. 197.45 respectively. So far 53915 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. 145.50 on 21-Jun-2022. Last one week high and low of the scrip stoo...
Ramkrishna Forgings moves up on winning large business of Metal Bars worth Rs 20.5 crore
Buy Ramkrishna Forgings Ltd For Target Rs.287 RK Forgings continued to grow strong during the quarter. Growth was driven by volumes and value addition. Geographically, domestic sales and exports continued to outperform the industry and management expects similar momentum to prevail in the near term. The order book is still robust and the company continued to win orders from North America and Europe. The outlook for commercial vehicles is strong; accordingly, we maintain our Buy r...
Ramkrishna Forgings Ltd : Healthy order book, strong export performance; maintaining a Buy - Anand Rathi Share and Stock Brokers
Ramkrishna Forgings is currently trading at Rs. 168.30, up by 6.15 points or 3.79% from its previous closing of Rs. 162.15 on the BSE. The scrip opened at Rs. 165.45 and has touched a high and low of Rs. 173.00 and Rs. 164.00 respectively. So far 40380 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. 145.50 on 21-Jun-2022. Last one week high and low of the scrip stoo...
Ramkrishna Forgings zooms on planning to raise funds
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...
Ramkrishna Forgings surges on bagging export order worth Rs 115 crore
Ramkrishna Forgings is currently trading at Rs. 173.35, up by 0.95 points or 0.55% from its previous closing of Rs. 172.40 on the BSE. The scrip opened at Rs. 172.50 and has touched a high and low of Rs. 175.50 and Rs. 170.90 respectively. So far 16964 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. 115.10 on 10-May-2021. Last one week high and low of the scrip stoo...
Ramkrishna Forgings rises on getting export order worth Rs 105 crore
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 stoo...
Ramkrishna Forgings jumps on winning export order for Front Axle business
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...
Ramkrishna Forgings zooms on winning order from India's largest MHCV OEM
Ramkrishna Forgings is currently trading at Rs. 1193.25, up by 1.60 points or 0.13% from its previous closing of Rs. 1191.65 on the BSE. The scrip opened at Rs. 1199.95 and has touched a high and low of Rs. 1199.95 and Rs. 1174.00 respectively. So far 11178 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1259.60 on 11-Oct-2021 and a 52 week low of Rs. 336.25 on 09-Nov-2020. Last one week high and low of the scr...
Ramkrishna Forgings trades in green on bagging order worth Rs 15 crore
Ramkrishna Forgings is currently trading at Rs. 1210.00, up by 1.35 points or 0.11% from its previous closing of Rs. 1208.65 on the BSE. The scrip opened at Rs. 1217.00 and has touched a high and low of Rs. 1217.00 and Rs. 1183.00 respectively. So far 17569 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1259.60 on 11-Oct-2021 and a 52 week low of Rs. 336.20 on 21-Oct-2020. Last one week high and low of the scr...
Ramkrishna Forgings trades higher on wining order in Mining & Earthmoving segment
Ramkrishna Forgings is currently trading at Rs. 1173.50, up by 10.10 points or 0.87% from its previous closing of Rs. 1163.40 on the BSE. The scrip opened at Rs. 1193.00 and has touched a high and low of Rs. 1193.00 and Rs. 1166.45 respectively. So far 4004 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1259.60 on 11-Oct-2021 and a 52 week low of Rs. 320.15 on 15-Oct-2020. Last one week high and low of the scr...
Ramkrishna Forgings moves up on entering into agreement with PwC
Blowout quarter: 10% revenue beat and best ever margins * RMKF delivered 26% EBITDA beat versus our Q2 forecasts, driven by a 10% revenue beat and 300bps EBITDA margin beat. Revenue surprise was supported by higher-thanexpected sales in industrials, while margin beat was driven by inventory gains. ROE based on H1 annualized profits expanded to a healthy 16%. * Order bookings remained consistent from auto and industrial customers in India and overseas markets. Recent orders could add inc...
Buy Ramkrishna Forgings Ltd For Target Rs.1,530 - Emkay Global
Ramkrishna Forgings is currently trading at Rs. 1211.70, up by 25.95 points or 2.19% from its previous closing of Rs. 1185.75 on the BSE. The scrip opened at Rs. 1233.70 and has touched a high and low of Rs. 1233.70 and Rs. 1193.50 respectively. So far 24779 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1259.60 on 11-Oct-2021 and a 52 week low of Rs. 315.15 on 14-Oct-2020. Last one week high and low of the sc...
Ramkrishna Forgings zooms on reporting over 30-fold rise in Q2 consolidated net profit
Ramkrishna Forgings is currently trading at Rs. 1147.15, up by 41.85 points or 3.79% from its previous closing of Rs. 1105.30 on the BSE. The scrip opened at Rs. 1114.00 and has touched a high and low of Rs. 1187.00 and Rs. 1114.00 respectively. So far 12896 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1,187.00 on 07-Oct-2021 and a 52 week low of Rs. 315.15 on 14-Oct-2020. Last one week high and low of the s...
Ramkrishna Forgings soars on signing MoU with US based technology partner
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