Ramkrishna Forgings hits 52-week high

Ramkrishna Forgings rose 1.94% to Rs 630.20 at 11:50 IST on BSE, with the stock hitting 52-week high in intraday trade today, 4 October 2017, on recent rally.

Meanwhile, the S&P BSE Sensex was up 176.73 points or 0.56% at 31,674.11. The S&P BSE Small-Cap index advanced 136.39 points or 0.84% at 16,328.97.

On the BSE, 4,106 shares were traded on the counter so far as against the average daily volumes of 6,362 shares in the past one quarter. The stock had hit a high of Rs 635.80 so far during the day, which is a 52-week high. The stock hit a low of Rs 627.05 so far during the day. The stock had hit a 52-week low of Rs 256.25 on 21 November 2016.

 

The stock had outperformed the market over the past one month till 3 October 2017, advancing 13.19% compared with the Sensex's 1.24% fall. The stock had also outperformed the market over the past one quarter, gaining 18.6% as against the Sensex's 0.88% rise. The scrip had outperformed the market over the past one year, surging 78.98% as against the Sensex's 11.52% rise.

The small-cap company has equity capital of Rs 32.59 crore. Face value per share is Rs 10.

Shares of Ramkrishna Forgings have risen 14.79% in five trading sessions to its ruling market price, from its close of Rs 549 on 26 September 2017.

Ramkrishna Forgings' net profit rose 72% to Rs 9.08 crore on 18.5% growth in net sales to Rs 257.61 crore in Q1 June 2017 over Q1 June 2016.

Ramkrishna Forgings is a supplier of forged and rolled components for various sectors.

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