Kalyani Forge is currently trading at Rs. 288.00, up by 11.00 points or 3.97% from its previous closing of Rs. 277.00 on the BSE.
The scrip opened at Rs. 290.50 and has touched a high and low of Rs. 290.50 and Rs. 271.00 respectively. So far 277 shares were traded on the counter.
The BSE group 'T ' stock of face value Rs. 10 has touched a 52 week high of Rs. 309.90 on 20-May-2015 and a 52 week low of Rs. 221.00 on 29-Dec-2014.
Last one week high and low of the scrip stood at Rs. 290.50 and Rs. 246.10 respectively. The current market cap of the company is Rs. 105.50 crore.
The promoters holding in the company stood at 58.57% while Non-Institutions held 41.43% stake in the company.
Kalyani Forge is planning to increase its turnover by two fold to Rs 500 crore in the next 2-3 years by entering a new product range and expansion. The company is expanding its machined components capacity by 25 percent, which is expected to be ready by the current fiscal year.
The company has identified 4 business verticals for growth and proposes to deliver value added solutions to the customers by supplying semi-finished or ready to assemble parts.
The company is supplier of forged, machined and assembled products for a variety of customers in industries like automotive, construction, power generation, marine, railway, and industrial goods. Its forging capabilities include hot, warm and cold forging & in-house heat treatment as well as machining.
| Company Name | CMP |
|---|---|
| Bharat Forge | 1865.00 |
| Ramkrishna Forgings | 529.90 |
| MM Forgings | 486.35 |
| Happy Forgings | 1308.50 |
| Balu Forge Industrie | 472.05 |
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