Ramkrishna Forgings was locked at 5% upper circuit at Rs 184.55 at 12:06 IST on BSE after a domestic mutual fund bought 2.52% stake in the company on Monday, 30 June 2014.
Meanwhile, the BSE Sensex was up 111.23 points, or 0.44%, to 25,525.01.
On BSE, so far 321 shares were traded in the counter compared with average volume of 18,215 shares over the past two weeks.
The stock opened with an upward gap, surging by the maximum 5% daily circuit and remained locked at the 5% level at Rs 184.55 so far in the day. The stock hit a 52-week high of Rs 187.90 on 18 June 2014. The stock hit a 52-week low of Rs 52.30 on 20 August 2013.
The scrip had outperformed the market over the past one month till 30 June 2014, rising 21.24% compared with 4.94% rise in the Sensex. The stock also outperformed the market in past one quarter, gaining 68.96% as against Sensex's 13.76% rise.
The small-cap company has equity capital of Rs 26.10 crore. Face value per share is Rs 10.
More From This Section
Domestic mutual fund SBI Mutual Fund A/C MBAL bought 6.58 lakh shares of Ramkrishna Forgings at Rs 170 per share in a bulk deal on BSE on Monday, 30 June 2014. Ramkrishna Forgings Employee Welfare Trust sold 7.97 lakh shares of Ramkrishna Forgings at Rs 170.01 per share in a bulk deal on BSE on Monday, 30 June 2014.
Ramkrishna Forgings' net profit surged 1136.8% to Rs 4.70 crore on 25.9% increase in net sales to Rs 114.41 crore in Q4 March 2014 over Q4 March 2013.
Ramkrishna Forgings manufactures various forgings items of railways, automobiles and general engineering purposes.
Powered by Capital Market - Live News