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Sanghvi Forging surges on receiving orders worth Rs 12 crore

14 Feb 2014 Evaluate

Sanghvi Forging & Engineering is currently trading at Rs 16.80, up by 0.80 points or 5.00% from its previous closing of Rs 16.00 on the BSE.

The scrip opened at Rs. 16.80 and has touched a high and low of Rs. 16.80 and Rs. 16.80 respectively. So far 500 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 31.95 on 27-May-2013 and a 52 week low of Rs. 15.20 on 23-Aug-2013.

Last one week high and low of the scrip stood at Rs. 17.70 and Rs. 16.00 respectively. The current market cap of the company is Rs. 20.69 crore.

The promoters holding in the company stood at 62.14 % while Non-Institutions held 37.86 %.

Sanghvi Forging & Engineering, one of the top engineering and forging companies in India has received orders worth Rs 12 crore. The fresh orders have come in from Oil & Gas and Power sector. The majority of the orders received by the company are for its new heavy open die forging plant which is very encouraging.

Continuous flow of orders in the company during the recent past is the positive mark for the company and its growth. The company's newly started heavy open die forging unit with the capacity of 15000 MTPA has increased the company's forging capacity fivefold. The company is receiving good amount of orders from Oil & Gas, Power and Ship Building sectors for 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 1855.95
Ramkrishna Forgings 546.25
MM Forgings 499.50
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Balu Forge Industrie 460.15
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