Ramkrishna Forgings soars on renewing long term contract in North America

01 Jul 2019

Ramkrishna Forgings is currently trading at Rs. 440.90, up by 6.30 points or 1.45% from its previous closing of Rs. 434.60 on the BSE.

The scrip opened at Rs. 442.30 and has touched a high and low of Rs. 442.30 and Rs. 440.90 respectively. So far 23 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 718.00 on 17-Sep-2018 and a 52 week low of Rs. 405.25 on 26-Jun-2019.

Last one week high and low of the scrip stood at Rs. 453.10 and Rs. 405.25 respectively. The current market cap of the company is Rs. 1440.37 crore.

The promoters holding in the company stood at 44.79%, while Institutions and Non-Institutions held 30.30% and 24.90% respectively.

Ramkrishna Forgings has successfully renewed the long term contract with a large overseas Tier I customer based in North America for the further period of 5 years valid till December 31, 2024. This contract is in the normal course of the Business.

Ramkrishna Forgings is engaged in the manufacture of Screw Couplings, Draw Gear Assembly, Snubber Assembly, Hanger, Block Hanger Side Frame Key and various other forgings items of Railway Coaches and Wagon.

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Ramkrishna Forgings Share Price

285.00 -4.35 (-1.50%) Nov 15, 18:01
1 Year Price Chart
Peers
Company Name CMP
Bharat Forge 439.15
Mahindra CIE Auto. 143.90
Ramkrishna Forgings 285.00
MM Forgings 394.00
Metalyst Forgings 8.60
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Sensex vs Ramkrishna Forgings
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719

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