{"id":122642,"date":"2024-04-18T13:01:01","date_gmt":"2024-04-18T07:31:01","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=122642"},"modified":"2024-04-18T15:18:23","modified_gmt":"2024-04-18T09:48:23","slug":"stock-jumps-5-after-company-to-supply-train-components-in-us","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/stock-jumps-5-after-company-to-supply-train-components-in-us\/","title":{"rendered":"Stock jumps 5% after company to supply train components in US"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-358579499\"><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>Multibagger Forgings stock engaged in the manufacturing and sale of forged components for automobiles, railway wagons &amp; coaches, and many more jumped 4 percent in the day\u2019s trade upon securing approval to Supply Power Train Components to the USA\u2019s largest Electric Passenger Vehicle Producer&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2141068020\"><!-- 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>With a market capitalization of Rs. 13,615 Crores, the shares of Ramkrishna Forgings Limited were trading at Rs. 751.90, up 3.80 percent from its previous day&#8217;s close price of Rs. 724.40. It has delivered multibagger returns of 153 percent in a year.&nbsp;<\/p><p>Ramkrishna Forgings Limited has secured approval to Supply Power Train Components to the USA\u2019s largest Electric Passenger Vehicle Producer followed by a strategic partnership between the two entities. This approval not only signifies the Company&#8217;s debut in the US EV market but also unlocks a multitude of thrilling new prospects.&nbsp;<\/p><p>Mr. Milesh Gandhi, Executive Director, of Ramkrishna Forgings Limited said, \u201cWe are thrilled to have received approval from the USA&#8217;s Largest Electric Passenger Vehicle producer to supply power train components. This collaboration speaks volumes about our ongoing commitment to innovate and our capabilities to meet the demands of the EV industry.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-862843300\"><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>In Addition, recently it has received a significant work order for the supply of the prestigious Vande Bharat Train Set worth Rs. 270 Crores from Bharat Heavy Electricals Limited. It includes the development and validation of the Bogie Frame for the sleeper version of the Vande Bharat Trainset.&nbsp;<\/p><p>Ramkrishna Forgings Limited is primarily engaged in the manufacturing and sale of forged components of automobiles, railway wagons &amp; coaches, and engineering parts, it is the the second largest forging player in the country.&nbsp;<\/p><p>Ramkrishna Forgings Limited has a diversified product portfolio across sectors like commercial vehicles &amp; passenger vehicles, railways, oil &amp; gas, power, earth moving, mining &amp; construction industries, and farm equipment.&nbsp;<\/p><p>Its revenue from operations grew by 36.16 percent from Rs. 777 Crores in Q3FY23 to Rs. 1,058 Crores in Q3FY24, accompanied by profits of Rs. 61 Crores to Rs. 87 Crores.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by: Bharath K.S\u00a0<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\">Disclaimer<\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-medium\"><img decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer-300x300.png\" alt=\"\" class=\"wp-image-26306\"\/><\/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-627541185\"><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>Multibagger Forgings stock engaged in the manufacturing and sale of forged components for automobiles, railway wagons &amp; coaches, and many more jumped 4 percent in the day\u2019s trade upon securing approval to Supply Power Train Components to the USA\u2019s largest Electric Passenger Vehicle Producer&nbsp; With a market capitalization of Rs. 13,615 Crores, the shares of [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":80712,"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":[31,13525],"tags":[],"class_list":["post-122642","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-stock-updates"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Stock jumps 5% after company to supply train components in US<\/title>\n<meta name=\"description\" content=\"Multibagger Forgings stock engaged in the manufacturing and sale of forged components for automobiles, railway wagons &amp; coaches, and many more jumped 4 percent in the day\u2019s trade upon securing approval to Supply Power 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