Ramkrishna Forgings is currently trading at Rs. 577.00, up by 46.75 points or 8.82% from its previous closing of Rs. 530.25 on the BSE.
The scrip opened at Rs. 540.00 and has touched a high and low of Rs. 592.00 and Rs. 540.00 respectively. So far 11208 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 592.00on 13-Apr-2015 and a 52 week low of Rs. 116.55 on 16-May-2014.
Last one week high and low of the scrip stood at Rs. 592.00 and Rs. 515.75 respectively. The current market cap of the company is Rs. 1579.52 crore.
The promoters holding in the company stood at 48.02% while Institutions and Non-Institutions held 25.51% and 26.47% respectively.
Ramkrishna Forgings has commenced the hot trials in the 12500 tons Pressline with effect from May 10, 2015. Recently, credit rating agency, CRISIL has upgraded the outlook of the long term ratings of Ramkrishna Forgings from 'Stable' to 'Positive' and the rating has been retained at BBB+.
Ramkrishna Forgings undertakes turnkey development of forgings and stampings from raw samples. It also designs and develops special dies for customers. The company exports its products to Germany, USA, Mexico, Brazil, Bangladesh, Sri Lanka and Japan.
