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Ramkrishna Forgings gains after bulk deal

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Capital Market
Last Updated : Feb 21 2015 | 12:01 AM IST

Ramkrishna Forgings rose 1.64% to Rs 452.70 at 14:04 IST on BSE after 0.99% equity changed hands in a bulk deal today, 20 February 2015.

A bulk deal of 2.73 lakh shares was executed on the Ramkrishna Forgings counter at Rs 453 per share at 09:45 IST on BSE today, 20 February 2015.

Meanwhile, the BSE Sensex was down 198.94 points, or 0.68%, to 29,263.33

Bulk deal boosted volume on the Ramkrishna Forgings scrip. On BSE, so far 3.14 lakh shares were traded in the counter compared with average volume of 30,374 shares over the past one quarter.

The stock hit a high of Rs 470 and a low of Rs 445 so far during the day. The stock hit a record high of Rs 475.75 on 2 February 2015. The stock hit a 52-week low of Rs 103.05 on 11 March 2014.

The stock had outperformed the market over the past one month till 19 February 2015, rising 8.89% compared with 4.25% rise in the Sensex. The scrip also outperformed the market in past one quarter, surging 47.95% as against Sensex's 5.1% rise.

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The small-cap company has equity capital of Rs 27.47 crore. Face value per share is Rs 10.

Ramkrishna Forgings' net profit surged 2231.6% to Rs 17.72 crore on 126.8% increase in net sales to Rs 189.37 crore in Q3 December 2014 over Q3 December 2013.

Ramkrishna Forgings manufactures various forgings items of railways, automobiles and general engineering purposes.

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First Published: Feb 20 2015 | 2:13 PM IST

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