{"id":107884,"date":"2023-08-24T12:25:02","date_gmt":"2023-08-24T06:55:02","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=107884"},"modified":"2023-08-24T12:25:04","modified_gmt":"2023-08-24T06:55:04","slug":"auto-ancillary-stock-jumps-4-after-company-received-an-international-order-worth-156-cr","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/auto-ancillary-stock-jumps-4-after-company-received-an-international-order-worth-156-cr\/","title":{"rendered":"Auto Ancillary stock jumps 4% after company received an international order\u00a0worth \u20b9 156 Cr"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1879345380\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>The shares of a leading supplier of rolled and forged products gained 4 percent of Rs 680 in early trade on Thursday after the company received an order from an International customer.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2228803751\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>At 12:10 p.m., <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/RKFORGE\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">Ramkrishna Forgings Ltd<\/a><\/strong> shares were trading at Rs 676.75 apiece on the National Stock Exchange, up Rs 24 or 3.80 percent, with a market capitalization of Rs 10,810 crores.\u00a0<\/p><p>According to the company&#8217;s exchange filing, Ramkrishna Forgings received a significant business contract valued at 17.2 Million Euros (approx. INR 156 Crores) from a Eurasian customer in the farm equipment industry. The contract extends over a period of four years, resulting in an annual contract valued at around 4.31 Million Euros.&nbsp;<\/p><p>Ramkrishna Forgings Ltd&#8217;s revenue has increased by 27 percent yearly, from Rs 699 crore in Q1FY23 to Rs 892 crore in Q1FY24. During the same period, net profit climbed by 53 percent, from Rs 51 crore to Rs 78 crore.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-3774760569\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>Ramkrishna Forgings stock has gained multibagger returns of 161 percent in six months and 273 percent over a year. A shareholder&#8217;s investment of Rs. 1 lakh in the company would be worth Rs. 3.73 lakhs after a year and Rs. 2.61 lakhs after a half-year.&nbsp;<\/p><p>The company has maintained favorable profitability ratios with a return on equity at 18.77 percent and a return on capital employed at 21.88 percent.&nbsp;<\/p><p>According to the latest shareholding pattern, The promoters hold 46.27 percent of the firm, while foreign institutional investors own 16.34 percent and retail investors own 33.05 percent.&nbsp;<\/p><p>Ramkrishna Forgings Ltd primarily manufactures and sells forged vehicle components for railway wagons and coaches, and engineering equipment.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Omkar Chitnis<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-full is-resized\"><img decoding=\"async\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer.png\" alt=\"\" class=\"wp-image-26306\" style=\"object-fit:cover;width:256px;height:256px\" width=\"256\" height=\"256\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-3880654857\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>The shares of a leading supplier of rolled and forged products gained 4 percent of Rs 680 in early trade on Thursday after the company received an order from an International customer.&nbsp; At 12:10 p.m., Ramkrishna Forgings Ltd shares were trading at Rs 676.75 apiece on the National Stock Exchange, up Rs 24 or 3.80 [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":82404,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[8239,8238,8237,948,936,11012],"class_list":["post-107884","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-ramkrishna-forgings-deals","tag-ramkrishna-forgings-latest-news","tag-ramkrishna-forgings-share-price","tag-stock-market","tag-stock-market-news","tag-why-is-ramkrishna-forgings-share-going-up"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - 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