Ramakrishna Forgings is a Small Cap company registered Market Cap of 4,997.35 today and the company deals in Capital Goods sector. The company offers draw gear assembly, side frame key, bolster suspension, screw coupling and bolster suspension for railway coaches and wagons. In addition, it is a preferred supplier to OEMs such as Tata Motors, Ashok Leyland, VE Commercial and Daimler in India as well as Volvo, Mack Trucks, Iveco and Ford in international markets. It supplies Tier 1 axle manufacturers globally, including Dana, Sysmex, Meritor and American Axle. The firm also provides goods and services to a number of industries in India and other countries, including automotive, railways, farm equipment, bearings, oil and gas, power, and construction, earth moving and mining.
“Pursuant to Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we inform you that the record date for the purpose of payment of interim dividend, if approved by the Board of Directors, will be Tuesday, the 9th May, 2023 Further, pursuant to our earlier letter dated March 31, 2023 and in compliance with the provisions of the SEBI (Prohibition of Insider Trading) Regulations, 2015 and as per the Company’s Code on Prohibition of Insider Trading, the trading window shall be open to designated persons and their immediate relatives. trading in the securities of the Company by the Company has ceased before April 1, 2023, up to 48 hours after the announcement of the audited standalone and consolidated financial results of the Company for the quarter and year ended March 31, 2023. Stock Exchanges where The shares of the company are listed,” said Ramakrishna Forgings Board in a stock exchange filing.
“Please be informed that in accordance with Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, a meeting of the Board of Directors of the Company is scheduled to be held on Friday, the 28th April, 2023 inter alia: A) To consider and approve the audited standalone and consolidated financial results of the Company for the quarter and year ended 31st March, 2023. b) Consider and approve payment of interim dividend, if any, for the financial year 2022-23,” the board of Ramakrishna Forgings further informed the stock exchanges.
Ramakrishna Forgings has declared an equity dividend of 25.00% on face value 2, or 0.5 per share for the financial year ending March 2022. It generates dividend yield at the current share price 312.45 of 0.64%. The company has a solid track record of dividend declarations during the last five years. As per Trendline data, Ramakrishna Forgings Limited has declared 20 dividends since September 8, 2005. Ramakrishna Forgings Limited declares equity dividend 1.70 per share in the last 12 months. It generates dividend yield at the current share price of 312.45 of 0.54%.
Shares of Ramakrishna Forgings closed on the BSE today after hitting a 52-week high a day earlier on Monday. 312.45 each level, up 1.63% from its previous close 307.45. The stock recorded a total traded volume of 76,959 shares and a delivery volume of 24.47% or 18,832 shares. The stock reached a 52-week low 145.50 at (21/06/2022), indicating that after touching a 52-week high on April 10 yesterday, the stock was seen trading up 114% from its 1-year low at the current market price today.
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