Ramkrishna Forgings is currently trading at Rs. 498.85, up by 21.00 points or 4.39% from its previous closing of Rs. 477.85 on the BSE.
The scrip opened at Rs. 491.20 and has touched a high and low of Rs. 504.75 and Rs. 485.00 respectively. So far 12749 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 504.75 on 03-April-2017 and a 52 week low of Rs. 256.25 on 21-Nov-2016.
Last one week high and low of the scrip stood at Rs. 504.75 and Rs. 442.00 respectively. The current market cap of the company is Rs. 1424.90 crore.
The promoters holding in the company stood at 50.41%, while Institutions and Non-Institutions held 23.25% and 26.34% respectively.
Ramkrishna Forgings has entered into a multiyear LTA with a Leading OEM for Commercial Vehicles in Europe for the Supply of forgings. The value of the LTA is approximately euro 4 million per annum. The LTA is in the normal course of business.
Ramkrishna Forgings is engaged in the manufacturing of forgings. The company is operating in Forgings, and Tours & Travels segments.
