Sanghvi Forging & Engineering bags order worth Rs.12 crore

Sanghvi Forging & Engineering Ltd has announced that the company has bagged an order worth Rs. 12 crore. The new orders are essentially from the oil and gas and power sectors.

Apr 13, 2016 03:04 IST India Infoline News Service

Sanghvi Movers
Sanghvi Forging & Engineering Ltd has announced that the company has bagged an order worth Rs. 12 crore.
Notably, fresh orders have come in from the oil and gas and power sectors.
The scrip opened at Rs. 44 and has touched a high and low of Rs. 44 and Rs. 41.45 respectively. So far 2523(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 61.36 crore.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 76 on 15-Apr-2015 and a 52 week low of Rs. 37.1 on 21-Mar-2016. Last one week high and low of the scrip stood at Rs. 44 and Rs. 40.55 respectively.
The promoters holding in the company stood at 67.73 % while Institutions and Non-Institutions held 0 % and 32.27 % respectively.
The stock is currently trading below its 200 DMA.

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