Ramkrishna Forgings hits new high

about 10 months ago
No Image

Ramkrishna Forgings is doing well today morning; the stock which had closed yesterday at Rs.411.60, it opened today at Rs.417, it went on to hit a new 52-week high at Rs.429.

The stock hit a new high after the company announced that it has received an order to supply undercarriage parts to a renowned European Railway Passenger Coach manufacturer.

The contract is valued at Euro’s 4.5 million and is set to be fulfilled within a span of two years. This order is from a prominent European Railway Passenger Coach manufacturer.

The successful acquisition of this order not only signifies the trust placed in the company’s capabilities but also serves as a significant boost to revenues from the fabrication vertical. The order will also create additional opportunities for the Company to expand its footprint in European Railway.

Popular Comments

No comment posted for this article.