{"id":146796,"date":"2025-03-28T14:09:52","date_gmt":"2025-03-28T08:39:52","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=146796"},"modified":"2025-03-28T17:33:25","modified_gmt":"2025-03-28T12:03:25","slug":"auto-ancillary-stock-jumps-3-after-commencing-production-at-its-jharkhand-facility","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/auto-ancillary-stock-jumps-3-after-commencing-production-at-its-jharkhand-facility\/","title":{"rendered":"Auto ancillary stock jumps 3% after commencing production at its Jharkhand facility"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3999823350\"><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 this auto ancillary stock, primarily engaged in the&nbsp; manufacture and sale of forged components of automobiles, railway wagons &amp; coaches and engineering parts, came into focus on Friday after the company announced capacity addition of 14,250 MTPA.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3499170512\"><!-- 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><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Stock Performance<\/strong><\/h2><p>With a market capitalization of Rs 14,061.55 crore, the shares went up 3 percent to an intraday high of Rs 805 per share compared to the previous close price of Rs 781.05 per share. The shares retraced from the day\u2019s high and were trading at Rs 776.75, which is a slight decrease when looking at the previous close.<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>What Happened&nbsp;<\/strong><\/h2><p><strong><a href=\"https:\/\/portal.tradebrains.in\/stocks\/RKFORGE\" target=\"_blank\" rel=\"noreferrer noopener\">Ramkrishna Forgings<\/a><\/strong> has commenced commercial production of the \u201cUpsetters\u201d at its Jharkhand facility. This will enhance the company\u2019s production capacity by 14,250 Metric Tons per annum (MTPA).\u00a0<\/p><p>To finance this expansion, Ramkrishna Forgings has invested around Rs 40.85 crore, funded through a mix of equity and debt, as per its budgeted capital expenditure.<\/p><div class=\"trade-content_5\" id=\"trade-1282817267\"><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>This capacity expansion is part of the company\u2019s long-term strategy to meet the growing demand in the forging business. The overall production capacity of the company now stands at 2,43,400 MT for hot and warm forgings and 25,000 MT for cold forgings.<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Company Overview<\/strong><\/h2><p>Ramkrishna Forgings Limited operates primarily in two segments: Forging Components and Others. The Forging components segment produces and sells forged automobile components, sanitization, and cargo business, including services for tours and travels.<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Financial Performance<\/strong><\/h2><p>When looking at their financial statements, Ramkrishna Forgings reported a modest 8 percent increase in revenue from Rs 996 crore to Rs 1,074 crore in Q3 FY24-25. This was accompanied by a 15 percent surge in net profits from Rs 87 crore to Rs 100 crore during the same period.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Shwetha Sairam<\/strong><\/p><\/blockquote><p class=\"has-medium-font-size\"><strong>Disclaimer<\/strong><\/p><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 <a href=\"http:\/\/tradebrains.in\/\">tradebrains.in<\/a> 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-325990454\"><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 this auto ancillary stock, primarily engaged in the&nbsp; manufacture and sale of forged components of automobiles, railway wagons &amp; coaches and engineering parts, came into focus on Friday after the company announced capacity addition of 14,250 MTPA. Stock Performance With a market capitalization of Rs 14,061.55 crore, the shares went up 3 [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":104920,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[4865,31,13525],"tags":[],"class_list":["post-146796","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-analysis","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>Auto ancillary stock jumps 3% after commencing production at its Jharkhand facility - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"The shares of this auto ancillary stock, primarily engaged in the\u00a0 manufacture and sale of forged components of automobiles, railway wagons &amp; coaches and engineering parts, came into focus on Friday after the company announced capacity addition of 14,250 MTPA.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/auto-ancillary-stock-jumps-3-after-commencing-production-at-its-jharkhand-facility\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Auto ancillary stock jumps 3% after commencing production at its Jharkhand facility\" \/>\n<meta property=\"og:description\" content=\"The shares of this auto ancillary stock, primarily engaged in the\u00a0 manufacture and sale of forged components of automobiles, railway wagons &amp; coaches and engineering parts, came into focus on Friday after the company announced capacity addition of 14,250 MTPA.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/tradebrains.in\/features\/auto-ancillary-stock-jumps-3-after-commencing-production-at-its-jharkhand-facility\/\" \/>\n<meta property=\"og:site_name\" content=\"Trade Brains Features\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/TradeBrainsOfficial\/\" \/>\n<meta property=\"article:published_time\" content=\"2025-03-28T08:39:52+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-03-28T12:03:25+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/07\/auto-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"854\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Trade Brains\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:site\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Trade Brains\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/tradebrains.in\/features\/auto-ancillary-stock-jumps-3-after-commencing-production-at-its-jharkhand-facility\/\",\"url\":\"https:\/\/tradebrains.in\/features\/auto-ancillary-stock-jumps-3-after-commencing-production-at-its-jharkhand-facility\/\",\"name\":\"Auto ancillary stock jumps 3% after commencing production at its Jharkhand facility - 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