Ramkrisha 'Forges' to new high

about 16 days ago
No Image

Ramkrisha Forgings, which had closed yesterday at Rs.1105.30, opened today at Rs.1114 and went on to hit a new 52-week high at Rs.1187.

The stock price hit the roof after the company announced today that it has signed a Memorandum of Understanding (MOU) with a US based technology partner for the development of Electric Vehicle Powertrain components for the Indian EV market. This marks the foray in a big way for both the entities into the EV market in India.

The technology partner is a leading expert in magnetic engineering innovations. Their expertise lies in efficiency enhancement which bestow a superior hallmark over its peers in the various industries they operate in.

The company is one of the leading suppliers of rolled, forged and machined products.

Popular Comments

No comment posted for this article.