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Sanghvi Forging trades jubilantly on bagging orders worth Rs 5 crore

02 Jan 2013 Evaluate

Sanghvi Forging & Engineering is currently trading at Rs. 36.70, up by 1.80 points or 5.16% from its previous closing of Rs. 34.90 on the BSE.

The scrip opened at Rs. 35.00 and has touched a high and low of Rs. 37.30 and Rs. 33.90 respectively. So far 11,881 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 100.85 on 09-Jul-2012 and a 52 week low of Rs. 22.00 on 03-Jan-2012.

Last one week high and low of the scrip stood at Rs. 37.30 and Rs. 33.15 respectively. The current market cap of the company is Rs. 44.17 crore.

The promoters holding in the company stood at 61.25% while Non-Institutions held 38.75% stake in the company.

Sanghvi Forgings & Engineering, one of the top engineering companies in India, has bagged orders worth Rs 5 crore. The company has bagged these orders from both the domestic and overseas markets, out of which 25% of the orders has been secured from the overseas market.

Besides, majority of the orders have been secured from Power and Oil & Gas sector which will further boost the order book of the company. Further, some of the new orders have been for the new heavy forging plant of the company. The company has already successfully commenced the production in its new plant.

Sanghvi Forgings & Engineering is an ISO 9001:2008 Certified Indian company engaged in manufacturing of open and closed die forgings products for the oil and gas, petro-chemicals, ship building, power and other sectors. It also exports to various foreign countries over the last two decades.

Sanghvi Forging&Engg Share Price

16.50 0.00 (0.00%)
30-Apr-2021 18:03 View Price Chart
Peers
Company Name CMP
Bharat Forge 1859.95
Ramkrishna Forgings 535.30
MM Forgings 463.25
Happy Forgings 1336.75
Balu Forge Industrie 486.20
View more..

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