{"id":99572,"date":"2023-04-06T18:00:00","date_gmt":"2023-04-06T12:30:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=99572"},"modified":"2023-04-06T17:32:25","modified_gmt":"2023-04-06T12:02:25","slug":"small-cap-stock-jumps-up-to-9-after-announcing-12226-5-cr-order-with-ministry-of-railways","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/small-cap-stock-jumps-up-to-9-after-announcing-12226-5-cr-order-with-ministry-of-railways\/","title":{"rendered":"Small cap stock jumps up to 9% after announcing \u20b9 12,226.5 Cr order with Ministry Of Railways"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-212454553\"><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>In the trading session of April 6th, 2023, Ramkrishna Forgings saw its scrip gain by over 9 percent after announcing its recent long-term project. The stock is currently trading at \u20b9308.4 per share, after gaining over 10 percent in the past 5 trading sessions.\u00a0<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-4071727246\"><!-- 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><strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/RKFORGE\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">Ramkrishna Forgings<\/a><\/strong> is a \u20b94,900 crore market cap engineering stock. They are involved in the manufacture and supply of engineering products such as wheels, bearings, farm equipment, etc. Their products are split into three types: forged, machined, and rolled. The company was incorporated in 1981, having an industry presence of over forty years.\u00a0<\/p><p>In a filing with BSE, the small-cap engineering stock announced that Ramkrishna Forgings and Titagarh Wagons received a letter of award (LOA) from the Ministry of Railways. The agreement, which is supposed to last a duration of twenty years, is for the manufacture and supply of forged wheels. It comes under the government\u2019s initiative of Aatma Nirbhar Bharat. The filing shows that the contract size is considered to be approximately \u20b912,226.5 crores. They will be responsible for the manufacturing and supply of 1,540,000 forged wheels, of different rolling stocks, for the M.O.A. (Ministry Of Railways) over a 20-year period.&nbsp;&nbsp;<\/p><p>In the last year, Ramkrishna Forgings has gained by 65 percent. In the past three quarters of FY 2023, the small-cap stock saw its revenues climb to \u20b92,166 crores, against \u20b92,285 crores in the previous financial year (FY2022). FY 2022 was the company\u2019s most profitable year, netting \u20b9206 crores. 9M FY2023 net profits for three quarters stood at \u20b9169 crores. The promoters own a 46.2 percent stake, an increase from 44.9 percent in March 2020.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-2455639959\"><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><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written By Karan N<\/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\" 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-3122774599\"><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>In the trading session of April 6th, 2023, Ramkrishna Forgings saw its scrip gain by over 9 percent after announcing its recent long-term project. The stock is currently trading at \u20b9308.4 per share, after gaining over 10 percent in the past 5 trading sessions.\u00a0 Ramkrishna Forgings is a \u20b94,900 crore market cap engineering stock. They [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":13572,"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":[8241,8239,8238,8240,8237,8243,5214,5641,948,936,3153,3157,2597,8242],"class_list":["post-99572","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-ramkrishna-forgings-contracts","tag-ramkrishna-forgings-deals","tag-ramkrishna-forgings-latest-news","tag-ramkrishna-forgings-orders","tag-ramkrishna-forgings-share-price","tag-small-cap-stock-jumps-9","tag-small-cap-stock-to-buy","tag-small-cap-stock-to-buy-in-2023","tag-stock-market","tag-stock-market-news","tag-stock-to-buy","tag-stock-to-watch","tag-stocks-to-watch","tag-what-is-the-future-of-ramkrishna-forgings"],"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>Small cap stock jumps up to 9% after announcing \u20b9 12,226.5 Cr order with Ministry Of Railways - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"In the trading session of April 6th, 2023, the company saw its scrip gain by over 9 percent after announcing its recent long-term project. 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