Sanghvi Forging gains 2% on order win

The company has bagged orders worth Rs.11 crore from oil and gas and power sectors.

Jan 06, 2016 10:01 IST India Infoline News Service

Sanghvi Movers
Sanghvi Forging and Engineering Ltd ended 2% higher at Rs.62. The company has bagged orders worth Rs.11 crore from oil and gas and power sectors.

The scrip opened at Rs. 63.65 and has touched a high and low of Rs. 68.5 and Rs. 61.55 respectively. So far 175477(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 84.88 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. 36 on 10-Feb-2015. Last one week high and low of the scrip stood at Rs. 64 and Rs. 55.05 respectively.
The promoters holding in the company stood at 65.42 % while Institutions and Non-Institutions held 0 % and 34.58 % respectively.
The stock is currently trading below its 50 DMA.

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