Ramkrishna Forgings lost 0.5% to Rs 366 at 10:03 IST on BSE after net profit fell 67.9% to Rs 11.11 crore on 8.8% decline in net sales to Rs 215.36 crore in Q4 March 2016 over Q4 March 2015.
The result was announced on Saturday, 21 May 2016.Meanwhile, the S&P BSE Sensex was up 45.51 points or 0.18% at 25,347.41.
On BSE, so far 885 shares were traded in the counter as against average daily volume of 13,428 shares in the past one quarter. The stock was volatile. The stock lost as much as 3.94% at the day's low of Rs 353.35 so far during the day. The stock lost 0.5% at the day's high of Rs 366 so far during the day. The stock had hit a 52-week low of Rs 265 on 29 February 2016. The stock had hit a record high of Rs 779.50 on 4 August 2015. The stock had underperformed the market over the past one month till 20 May 2016, declining 10.36% compared with Sensex's 2.1% fall. The scrip had, however, outperformed the market in past one quarter, surging 8.78% as against Sensex's 6.72% rise.
The small-cap company has equity capital of Rs 28.67 crore. Face value per share is Rs 10.
Ramkrishna Forgings is a supplier of forged and rolled components for the railways, automobile, mining, earthmoving, oil exploration, farm equipment, wind energy, bearing and general engineering industry.
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