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Sanghvi Forging surges on bagging orders worth Rs 11 crore

18 Jan 2018 Evaluate

Sanghvi Forging & Engineering is currently trading at Rs. 42.25, up by 0.40 points or 0.96% from its previous closing of Rs. 41.85 on the BSE.

The scrip opened at Rs. 43.95 and has touched a high and low of Rs. 44.40 and Rs. 41.00 respectively. So far 1361 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 50.00 on 08-Feb-2017 and a 52 week low of Rs. 32.85 on 16-Oct-2017.

Last one week high and low of the scrip stood at Rs. 45.70 and Rs. 40.40 respectively. The current market cap of the company is Rs. 61.06 crore.

The promoters holding in the company stood at 67.70%, while the Non-Institutions held 32.30% stake in the company.

Sanghvi Forging & Engineering (SFEL) has bagged orders worth Rs 11 crore from Oil & Gas Sector. The said order has been bagged from the Domestic Market. These orders will be executed in the next 12 months.

The order has been secured from the Oil & Gas Sector which will further boost the sales of the company resulting into increased capacity utilization.

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

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