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Sanghvi Forging in demand on bagging order worth Rs 4 crore

28 Dec 2011 Evaluate

Sanghvi Forging & Engineering is currently trading at Rs 24.50, up by 0.95 points or 4.03% from its previous closing of Rs 23.55 on the BSE.

The scrip opened at Rs 24.00 and has touched a high and low of Rs 24.50 and Rs 23.10 respectively.

The BSE group 'B' stock of face value Rs 10 has touched a 52 week high of Rs 144.90 on 30-May-2011 and a 52 week low of Rs 22.00 on 20-Dec-2011.

Last one week high and low of the scrip stood at Rs 25.60 and Rs 22.60 respectively. The current market cap of the company is Rs 30.91 crore.

The promoters holding in the company stood at 56.77% while Institutions and Non-Institutions held 2.84% and 40.39% respectively.

Sanghvi Forging & Engineering, one of the top engineering and forging companies in India has bagged orders worth Rs 4 crore from overseas and domestic market. The order valued at Rs 2.2 crore has been secured from the overseas market and the order valued at Rs 1.8 crore has been secured from the domestic market.

Both these order have been secured in Oil & Gas Sector. These orders further enhance the order book of the company which has already secured good amount of orders.

Sanghvi Forging and Engineering manufactures forged flanges, forgings and machined components for various industries like oil & gas, fertilizers, power, desalination & water treatment, ship building, defence, fabrication of process equipments, instrumentation etc. It is also capable of manufacturing both standardized as well as customized products.

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