Ramkrishna Forgings is currently trading at Rs. 1023.25, up by 7.35 points or 0.72% from its previous closing of Rs. 1015.90 on the BSE.
The scrip opened at Rs. 1019.00 and has touched a high and low of Rs. 1040.80 and Rs. 1014.80 respectively. So far 13248 shares were traded on the counter.
The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 1259.60 on 11-Oct-2021 and a 52 week low of Rs. 346.00 on 12-Nov-2020.
Last one week high and low of the scrip stood at Rs. 1099.40 and Rs. 1001.00 respectively. The current market cap of the company is Rs. 3332.38 crore.
The promoters holding in the company stood at 46.02%, while Institutions and Non-Institutions held 22.58% and 31.40% respectively.
Ramkrishna Forgings has signed a memorandum of understanding (MoU) with ePropelled (USA), the Massachusetts-based technology company that offers leading-edge electric propulsion systems.
Based on the agreement, the two companies will jointly develop eAxle products based on ePropelled’s patented Dynamic Torque SwitchingTM (eDTS) technology that increases power efficiency by at least 15%, allowing manufacturers to reduce the size and cost of their battery packs. In addition, eDTS provides high torque at low speeds without drawing high current from the batteries as well as high speeds at low torque levels without using field weakening. This unique combination results in a highly scalable design that can be used in a variety of vehicles ranging from light EVs–such as scooters and three-wheelers–to cars, light trucks, and large trucks.
Bhupendra Singh Chundawat is a seasoned technology journalist with over 22 years of experience in the media industry. He specializes in covering the global technology landscape, with a deep focus on manufacturing trends and the geopolitical impact on tech companies. Currently serving as the Editor at Udaipur Kiran, his insights are shaped by decades of hands-on reporting and editorial leadership in the fast-evolving world of technology.