Ramkrishna Forgings is gaining in trade in morning hours, as the company has entered into a multiyear LTA with a leading OEM for commercial vehicles in Europe, for supply of forgings.
The value of LTA is approximately 4 million euro per annum. The stock is trading up nearly 5% at Rs 498 per share. The stock opened at Rs 491.20 per share; and touched a low of Rs 485 per share. The stock has outperformed both BSE Small cap index and BSE Auto index on a yearly basis.
Ramkrishna Forgings Limited is engaged in the manufacturing of forgings. The Company is operating in Forgings, and Tours & Travels segments. The Company supplies its products to various sectors, such as domestic and overseas markets. BSE Small Cap index is trading up by over 152 points or 1.05% at 14585 levels; & BSE Auto Index is trading up by 72 points or 0.33% at 22085 levels.