RK Forgings FY24 eye on the topline targets. RK Forgings FY24 Orderbook Check; QIP Proceed Utilisation. RK Forgings Q2 results have been out and future Plan of the company has been reviewed by Lalit Khetan, CFO & ED, Ramkrishna Forgings.

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RK Forgings FY24 Orderbook Check; QIP Proceed Utilisation Plan | Lalit Khetan | Business News

The Kolkata-based company, in a statement, said it has approved the allotment of over 1.62 crore equity shares of face value of Rs 2 at an issue price of Rs 614 apiece.

Ramkrishna Forgings Raises Rs 1,000 Crore Through QIP

The company will be supplying front and rear axle components for the next five years.

Ramkrishna Forgings Bags €8.25 Million Order In South America

The company will be supplying front and rear axle components for the next five years, it said in a statement.

Ramkrishna Forgings bags Euro 8.25 million order in South America

The bankruptcy court has approved Ramkrishna Forgings’ bid to acquire JMT Auto, a subsidiary of the Amtek Group, through the corporate insolvency resolution process. Ramkrishna Forgings will offer ₹125 crore to acquire JMT Auto, which has admitted financial liabilities of over ₹165 crore. This acqui…

NCLT okays Ramkrishna Forgings’ bid to acquire Amtek Group arm

Ramkrishna Forgings Ltd’s shares rose 3.70% after it won a 4-yr contract worth 17.2M euros (approx. Rs 156 cr) from a farm equipment leader in Eurasia. The annual contract value is 4.31M euros, fostering a long-term, mutually beneficial partnership. At 11.33 am, the stock was at Rs 677, rising to Rs…

Ramkrishna Forgings secures Rs 156-crore contract

The contract extends over a period of four years, resulting in an annual contract valued at around 4.31 million euros, company said.

Ramkrishna Forgings gains as the company bags Rs 156 crore contract

The metal forgings maker Ramkrishna Forgings shares hit a 52-week high at Rs 690 in the morning trade on August 22

Ramkrishna Forgings Climbs 52-Week High As NCLT Gives ‘Verbal’ Nod To Acquire JMT Auto - News18

The metal forgings maker is set to acquire JMT Auto, an auto components manufacturer, after it receives a written order from the principal bench of NCLT

Ramkrishna Forgings scales 52-week high on NCLT ‘verbal’ nod to buy JMT Auto

The contract, got under long term agreement with the European Original Equipment Manufacturing sector, will span over four years.

Ramkrishna Forgings Shares Hit Record High On Rs 145-Crore Order Win

The company had reported a 63 percent jump in its net profit at Rs 76.97 crore during the June quarter. Its total income rose 28 percent to Rs 835.95 crore.

Ramkrishna Forgings shares hit 52-week high on contract win worth Rs 145 crore

The creamy layer - amongst the top performing stocks

Performance

Seems to be overvalued vs the market average

Valuation

Strong financials and growth story over the years

Growth

Showing good signs of profitability & efficiency

Profitability

The stock is overpriced but is not in the overbought zone

Current price is more than the intrinsic value

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

The stock has a moderate number of red flags

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

Ramkrishna Forgings Limited is engaged in the manufacturing of forgings.