USD 22,00,00,000 huge order: This multibagger railway forging company bags new order from North America – details inside
The stock gave multibagger returns of 175 per cent in just 1 year and a whopping 650 per cent in 3 years.
Ramkrishna Forgings Limited, one of the leading suppliers of rolled, forged, and machined products announced a significant milestone as it penetrates further into the North American market by successfully securing a contract worth USD 22,00,00,000. This contract spans over a decade and marks the company's foray into a new vertical within the forging sector, focusing on supplying tier 1 customers in the light vehicle segment across North America.
The order win solidifies the company's position as a key player in the global market and underscores its commitment to innovation, quality, and customer satisfaction. With this venture, the company is poised to further expand its offering in key markets and contribute significantly to the automotive industry’s supply chain and aims to deliver top-notch products that meet and exceed the rigorous standards of the automotive industry.
This contract reaffirms the Company's position as an industry leader known for its reliability, innovation, and commitment to delivering exceptional results. Over the next decade, the company will leverage its extensive expertise, state-of-the-art facilities, and relentless pursuit of innovation to fulfil the requirements of this contract.
Ramkrishna Forgings Ltd is a leading manufacturer of forged components for the automotive, railway, and engineering industries. It has a strong presence in India and exports its products to over 25 countries. The company has a wide range of products, including crankshafts, gears, and railway wheels. It also has a growing presence in the non-auto sector, with products for the mining, earthmoving, and farm equipment industries.
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On Wednesday, shares of Ramkrishna Forgings Ltd plunged 0.34 per cent to Rs 758.20 per share from its previous closing of Rs 760.80 with an intraday high of Rs 774.35 and an intraday low of Rs 751. The stock’s 52-week high is Rs 814.95 and its 52-week low is Rs 244.75. The stock gave multibagger returns of 175 per cent in just 1 year and a whopping 650 per cent in 3 years. Investors should keep an eye on this small-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.
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