Stocks tooting on order win!

about 12 months ago

Ramkrishna Forgings rose 10% to hit a new 52-week high at Rs.290.75 on the back of a good surge in volumes. And along with it, Titagarh Wagons also rose up almost 4% to Rs.250.60, which is not too far from its 52-week high of Rs.259.80.

Both the stocks are up as the consortium of the two companies has emerged as the Lowest Bidder (L1) as per the financial bid opened on March 14 to manufacture and supply forged wheels under Aatmanirbhar Bharat initiative of the rail ministry, Government of India.

The total quantity of forged wheels to be supplied will be around 15,40,000 wheels over a period of 20 years.

757.90 (-22.60)

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