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Ramkrishna Forgings: Strong Q4 numbers, promising outlook, buy for long term

The outlook for both domestic and international markets is promising as demand continues to maintain its momentum. Further, new order wins from existing clients and acquisition of new clients boosted the financial performance

May 12, 2022 / 09:37 IST
Ramkrishna Forgings | CMP: Rs 170.45 | The share price ended in the red on May 10. The firm received an order worth Rs 105 crore per annum. Ramkrishna Forgings has received a multi-year export order from a manufacturer of chassis systems and components primarily for trailers as well as for trucks and buses in the US, the company said in its release. Supplies are expected to commence from 2023, it said.
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This Research Report / Research Recommendation has been published by Moneycontrol Dot Com India Limited (hereinafter referred to as “MCD”) which is a registered Investment Advisor under the Securities and Exchange Board of India (Investment Advisers) ...Read More