Ramkrishna Forgings gains on bagging order in EV segment from Foreign Multinational Tier 1 OEM

Ramkrishna Forgings is currently trading at Rs. 906.05, up by 2.30 points or 0.25% from its previous closing of Rs. 903.75 on the BSE.

The scrip opened at Rs. 905.00 and has touched a high and low of Rs. 952.30 and Rs. 903.00 respectively. So far 25393 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 952.30 on 04-Aug-2021 and a 52 week low of Rs. 162.40 on 04-Aug-2020.

Last one week high and low of the scrip stood at Rs. 952.30 and Rs. 815.00 respectively. The current market cap of the company is Rs. 2945.25 crore.

The promoters holding in the company stood at 45.99%, while Institutions and Non-Institutions held 23.13% and 30.89% respectively.

Ramkrishna Forgings has received its first ever order in EV segment from a Foreign Multinational Tier 1 OEM in India. The order marks beginning of a new segment for the company having possibilities for global expansion.

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.