4,800 per cent multibagger return: Company bags order worth Rs 156 crore, details inside!
Shares of the company have generated an impressive multibagger return of 1200 per cent in the last three years
Ramkrishna Forgings Limited, a prominent entity renowned for its provision of forged components to the automotive sector, has made a significant announcement regarding a new order acquisition.
As detailed in the official report, the company has secured an order with a total value of Rs 156 crore (equivalent to 17.2 million Euros) from a customer based in Eurasia, operating within the farm equipment industry.
This contract is slated to cover a span of four years, equating to an annual contract value of approximately 4.31 million Euros. This achievement stands as a testament to the company's robust standing as a supplier of rolled, forged, and machined products, showcasing its adeptness at obtaining enduring contracts within a competitive market ambiance.
Also, read: Super Investor Ashish Kacholia has bought 10.34 lakhs shares of this company
Within the framework of this accord, the company is entrusted with delivering top-tier forged and machined components, tailored to the specific needs of transmission and engine parts. The partnership's duration extends across a four-year term, fostering a prolonged and mutually beneficial association between the two parties involved.
Lalit Kumar Khetan, Whole Time Director & CFO of Ramkrishna Forgings Limited, said, "We are delighted and honored to be chosen for this significant partnership. This contract not only reflects our capabilities as a premier provider of forged and machined components but also reinforces the trust our customers place in our expertise. We are committed to delivering products of the highest quality and contributing to the growth of the Eurasian Farm Equipment industry.
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Today, the shares of the company commenced trading at Rs 673.90 and finally concluded trading at Rs 655.95 each on the BSE. This represents a 2.04 per cent decrease or Rs 13.65 down from the previous day's closing price of Rs 669.60 apiece.
The market capitalization of the company is Rs 10,478 crore. Additionally, the stock has delivered an impressive return of 80 per cent in just three months and 1200 per cent in the last three years.
Investors must keep an eye on this stock.
Disclaimer: This article is for informational purposes only and not investment advice.