Ramkrishna Forgings is currently trading at Rs. 741.30, up by 5.35 points or 0.73% from its previous closing of Rs. 735.95 on the BSE.
The scrip opened at Rs. 739.65 and has touched a high and low of Rs. 750.00 and Rs. 723.35 respectively. So far 12371 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 741.60 on 12-Jul-2021 and a 52 week low of Rs. 140.65 on 28-Jul-2020.
Last one week high and low of the scrip stood at Rs. 741.60 and Rs. 700.00 respectively. The current market cap of the company is Rs. 2377.57 crore.
The promoters holding in the company stood at 45.90%, while Institutions and Non-Institutions held 23.49% and 30.61% respectively.
Ramkrishna Forgings has received PPAP clearance (Parts Production Approval Process) and confirmation to launch order worth EUR 15 million (about Rs 132 crore) from a European OEM. The order is to be implemented over the period of 3 years distributed equally.
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.
