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Sanghvi Forging & Engineering rises on bagging orders worth Rs 12 crore

13 Apr 2016 Evaluate

Sanghvi Forging & Engineering is currently trading at Rs. 42.80, up by 1.60 points or 3.88% from its previous closing of Rs. 41.20 on the BSE.

The scrip opened at Rs. 44.00 and has touched a high and low of Rs. 44.00 and Rs. 41.45 respectively. So far 2,758 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 76.00 on 15-Apr-2015 and a 52 week low of Rs. 37.10 on 21-Mar-2016.

Last one week high and low of the scrip stood at Rs. 44.00 and Rs. 40.55 respectively. The current market cap of the company is Rs. 63.74 crore.

The promoters holding in the company stood at 67.73% while Non-Institutions held 32.27% respectively.

Sanghvi Forging & Engineering (SFEL), one of the top engineering company in India has received orders worth Rs 12 crore. The fresh orders have come in from Oil & Gas and Power sectors. The majority of the orders received by the company are for its new heavy open die forging plant.

The company’s newly started heavy open die forging unit with the capacity of 15000 MTPA has increased the company’s forging capacity fivefold. The company is receiving good amount of orders from Oil & Gas, Power and Irrigation sectors for its new plant. The new plant is equipped with Product, Quality approvals from all major Industrial sectors i.e. Petrochemicals, Power, Oil & Gas, Defence, Aerospace sectors. The total order book size as on April 13, 2016 is Rs 40 crore and out of this around 75% is domestic and rest is from export orders.

Sanghvi Forging & Engineering is engaged in manufacturing of open and closed die forging products for the oil & gas, petrochemicals, ship building, power & other sectors. It also exports products to various foreign countries over the last two decades.


Sanghvi Forging&Engg Share Price

16.50 0.00 (0.00%)
30-Apr-2021 18:03 View Price Chart
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