Sanghvi Forging & Engineering is currently trading at Rs. 76.00, up by 2.75 points or 3.75% from its previous closing of Rs. 73.25 on the BSE.
The scrip opened at Rs. 74.40 and has touched a high and low of Rs. 76.85 and Rs. 74.05 respectively. So far 114831 shares were traded on the counter.
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-Decn-2011.
Last one week high and low of the scrip stood at Rs. 76.85 and Rs. 62.30 respectively. The current market cap of the company is Rs. 96.72 crore.
The promoters holding in the company stood at 59.70% while Non-Institutions held 40.30%.
Sanghvi Forging & Engineering, one of the top engineering and forging companies, have bagged orders worth Rs 5 crore from PSU's in domestic and overseas market. The estimated value of the project from the domestic market is Rs 2.7 crore, while that from overseas market is Rs 2.3 crore.
These orders have been secured from Oil & Gas and ship building sector. These orders further boost the order book of the company.
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.
