Ahmednagar Forgings is currently trading at Rs. 107.50, up by 0.80 points or 0.75% from its previous closing of Rs. 106.70 on the BSE.
The scrip opened at Rs. 107.60 and has touched a high and low of Rs. 107.60 and Rs. 107.50 respectively.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 197.50 on 19-Apr-2012 and a 52 week low of Rs. 105.00 on 25-Mar-2013.
Last one week high and low of the scrip stood at Rs. 123.00 and Rs. 105.00 respectively. The current market cap of the company is Rs. 396.53 crore.
The promoters holding in the company stood at 54.96% while Institutions and Non-Institutions held 29.81% and 15.23% respectively.
Ahmednagar Forgings has received an approval to acquire the entire business of First Forge (FFL) through a business transfer agreement (BTA) for cash consideration. The board of company at its meeting held on March 25, 2013 has approved for the same. FFL is engaged in the business of manufacturing of forging components for auto and non auto industry.
Ahmednagar Forgings is a manufacturer of forging and machined automotive components, cold forged parts and high tensile fasteners. The company operates four plants; two of them are located at Ahmednagar, Maharashtra and the other two near Pune, Maharashtra.
| Company Name | CMP |
|---|---|
| Bharat Forge | 1985.15 |
| Ramkrishna Forgings | 621.45 |
| MM Forgings | 474.15 |
| Happy Forgings | 1442.80 |
| Balu Forge Industrie | 528.25 |
| View more.. | |
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