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Ramkrishna Forgings Limited
Share Price Target & Analysis

NSE:RKFORGE

966.71

VWAP

965.35

Open

963.65

Close

982.85

High

957.85

Low

1064.05

52 Week High

963.50 ⇩
-0.15 (-0.02%)

RKFORGE

(INDUSTRIAL MANUFACTURING)
78.2% Momentum

Trending & Favourite

602.05

52 Week Low

23.53

EPS

44.27

PE

6.52

PB

Economical
Quality

Gold
Valuation

#Analysis

NSE: RKFORGE Share Price Financial Analysis & Valuation

Ramkrishna Forgings Limited (RKFORGE) is broadly categorized in INDUSTRIAL MANUFACTURING segment industry which deals in Castings & Forgings vertical. It is one of Mid Cap company with Market Capitalization of Rs 2979.8 (in Cr). Total number of free float shares are 3.3 (in Lacs). Ramkrishna Forgings Limited is listed on NSE with Exchange ID - INE399G01023 and trading code is NSE:RKFORGE with short name RamkrishnaForge.

In the past 1 year, Ramkrishna Forgings Limited has declared an equity dividend of Rs 0.5 per share. At the current share price of RKFORGE at Rs 963.50, this results in a dividend yield of 0.05 %.

As per the Fundamental Analysis of NSE:RKFORGE, which uses revenues, earnings, future growth, financial ratios, return on equity, profit margins, and other data to determine RKFORGE underlying value and future prospects. All of this data is available in RKFORGE financial statements.

Quality of the Stock: As per the fundamental analysis of NSE:RKFORGE, it is clearly understood that RKFORGE is Economical performer in terms of earnings and profit margins with an EPS of 23.53. NSE:RKFORGE book value per share as of today is 147.84. The current price to book ratio for RKFORGE as of Nov 23, 2024 is 6.52.

Valuation of the Stock: The current valuation of RKFORGE stock is like Gold which means currently the stock is Overpriced. Now, it's totally depends upon the risk appetite of an investor and risk-reward ratio of RKFORGE whether to BUY this stock at current valuation. The delivery percentage of RKFORGE is 34.92% is very crucial parameter which shows that 34.92% investors are anticipating that the price of RKFORGE share should go up with VWAP at 966.71.

Now, the main question is whether to BUY or SELL, NSE:RKFORGE at current valuation.
As per latest Analysis No. #1944:-

⇑ STRONG BUY RKFORGE if All Greens

⇗ BUY RKFORGE (at Lower Levels) if any 2 Greens

⇒ NEUTRAL or HOLD RKFORGE (With Stop Loss) if only 1 Green

⇘ SELL RKFORGE if NO Green Indicator

NSE: RKFORGE Share Price Today (Nov 23, 2024)

(Ramkrishna Forgings Limited Daily Analysis on the basis of RKFORGE Intraday Graph & Trend)

Ramkrishna Forgings Limited share price moved Down by -0.02% from its previous close of Rs 963.65. RKFORGE stock last traded price is 963.50. RKFORGE share price trend is Down with a total of 254183 stocks traded till now. It has touched an intraday high of Rs 982.85 and an intraday low of Rs 957.85. The RKFORGE trading at 963.50, Down by Rs. -0.15, or -0.02 percent which suggests that most of the Traders are anticipating that the price of RKFORGE share should go Down.

NSE: RKFORGE Share Price Tomorrow Prediction

(Ramkrishna Forgings Limited Share Price Prediction for Tomorrow & future forecast is based on Current Trend of RKFORGE)

Ramkrishna Forgings Limited share price moved Down by -0.02%. RKFORGE share price short term trend is Down. It suggests that RKFORGE Share Price for Tomorrow remains the same with VWAP at 966.71 will be treated as stop loss for intraday traders. Ramkrishna Forgings Limited Long term investors can follow the RKFORGE long term trend as mentiond in future forecast table.

NSE Code

NSE: RKFORGE

RKFORGE Share Price Today

 963.50

RKFORGE Share Price Target Prediction for 2024 ^

 801.1 - 1069.3

RKFORGE Share Price Target Prediction for 2025*^

 1069.3 - 1139.2

RKFORGE Share Price Target Prediction for 2026*^

 1139.2 - 1218.9

RKFORGE Share Price Target Prediction for 2027*^

 1280

RKFORGE Share Price Target Prediction for 2028*^

 1316

RKFORGE Share Price Target Prediction for 2030*^

 1435
RKFORGE Current Book Value 2023
147.1

*Ramkrishna Forgings Limited Short Term & Long Term share price target is based on current financial year earings of the company.
^RKFORGE share price target prediction for 2024 2025 & 2026 to 2030 is based on current market scenario, future forecast & growth assumptions, they might change subject to market sentiments.

RKFORGE Technical Analysis

Candlestick Pattern: @932.7

RKFORGE Moving Averages

BUY (4) NEUTRAL (0) SELL (10)
MA Simple Action S1 Expo Action E2
MA_5 945.38 SELL 938.25 SELL
MA_12 932.31 BUY 940.75 SELL
MA_20 938.14 SELL 944.96 SELL
MA_32 959.1 SELL 951.05 SELL
MA_50 970.14 SELL 950.15 SELL
MA_100 945.37 SELL 929.37 BUY
MA_200 834.54 BUY 848.08 BUY

RKFORGE Trend Oscillators

BUY (1) NEUTRAL (1) SELL (2)
Trend Oscillators Value Action
Bollinger Bands 938.14 Downtrend
MACD 1.82 BUY
ADX 16.98 NO or Weak Trend
DMI (+/-) 21.29 / 27.55 Downtrend

RKFORGE Momentum Oscillators

BUY (1) NEUTRAL (8) SELL (3)
Momentum Oscillators Value Action
RSI 46.09 Neutral
STOCHASTIC_K (Fast) 30.91 Neutral
STOCHASTIC_D (Slow) 35.87 Neutral
CCI 13.72 Neutral
PSAR 886.45 BUY
TRUE RANGE 21.15 SELL
ATR 34.03 Neutral
WILLIAMS R -40.13 Neutral
TRIX 0 Neutral
STOCHASTIC RSI K 26.71 Neutral
STOCHASTIC RSI D 8.9 Oversold
MOMENTUM -106.8 SELL

RKFORGE Last 1 Year Trend

Duration Value
1 Year 31.91%
3 Months 0.73%
1 Month -10.27%
1 Week -3.02%

RKFORGE Technical Analysis Summary

Updated on 2024-11-14
Action Overall (%)
BUY 20%
NEUTRAL / HOLD 30%
SELL 50%

Most popular Questions & Answers about RKFORGE


Ramkrishna Forgings Limited stock last traded price is 963.50. RKFORGE share price moved Down by -0.02% from its previous close of Rs 963.65.

Ramkrishna Forgings Limited share price trend is Down with a total of 254183 stocks traded till now. It has touched an intraday high of Rs 1074.6905 and an intraday low of Rs 957.85. The RKFORGE trading at 963.50, Down by Rs. -0.15, or -0.02 percent which suggests that most of the Traders are anticipating that the price of RKFORGE share should go Down and the Stop Loss will be around 966.71.

The market cap of Ramkrishna Forgings Limited is ₹2979.8 (in Cr) as of Nov 22, 2024.

The current price to earning ratio for Ramkrishna Forgings Limited as of Nov 22, 2024 is 44.27.

The current price to book ratio for Ramkrishna Forgings Limited as of Nov 22, 2024 is 6.52.

The highest price of Ramkrishna Forgings Limited stock is ₹1064.05 in the last 52-week.

The lowest price of Ramkrishna Forgings Limited stock is ₹602.05 in the last 52-week.

Ramkrishna Forgings Limited share trading at ₹963.50, Down by Rs. -0.15, or -0.02 percent which suggests that most of the traders are anticipating that the price of RKFORGE share should go Down.

In 2023, Stock price target for Ramkrishna Forgings Limited (RKFORGE) are ₹801.1 on downside and ₹1069.3 on upside. Ramkrishna Forgings Limited share price target is based on current financial year earings of the company.

In 2024, Stock price target for Ramkrishna Forgings Limited (RKFORGE) are ₹1069.3 on downside and ₹1139.2 on upside. Ramkrishna Forgings Limited share price target is based on forecasted future earnings of the company.

In 2025, Stock price target for Ramkrishna Forgings Limited (RKFORGE) are ₹1139.2 on downside and ₹1218.9 on upside. Ramkrishna Forgings Limited share price target is based on Discounted Cash Flow (DCF) method uses the projected future cash flows of the business.

In next five years, Stock price target for Ramkrishna Forgings Limited (RKFORGE) will be around ₹1316 Ramkrishna Forgings Limited share price target is based on market scenario & growth assumptions, they might change subject to market sentiments and forecasted future earnings of RKFORGE.

The price of Ramkrishna Forgings Limited (RKFORGE) shares moved by -0.02%. The short-term trend for RKFORGE share price is Down. It implies that the share price of RKFORGE will stay the same tomorrow and that intraday traders should treat VWAP at 966.71 as a stop loss. Investors with a long-term outlook can track RKFORGE long-term trajectory, which is indicated in the future forecast table.

Estimated DCF Value of RKFORGE stock is 282.1. Compared to the current market price of 963.50 INR, the RKFORGE stock is Overvalued by 70.7%.

As per the fundamental analysis of Ramkrishna Forgings Limited (RKFORGE), it is of Economical quality in terms of earnings and profit margins with an EPS of 23.53. Ramkrishna Forgings Limited book value per share as of today is 147.84. The current price to book ratio for RKFORGE as of Nov 23, 2024 is 6.52.


NSE:RKFORGE News & Other Useful Information about RKFORGE Share Price


Peer Comparison of NSE: RKFORGE

The Peers list includes companies operating in the same industry and having comparable market cap.

Sector: Castings & Forgings

Company Price EPS BV
STEELCAS 762.05 30.81 133.21
BHARATFORG 1316.15 30.03 184.04
SGIL 373.80 8.35 59.59
AIAENG 3414.95 116.66 691.77
RKFORGE 963.50 23.53 147.84
JAYNECOIND 39.88 0.26 23.24
ELECTCAST 144.93 13.5 80.75
MMFL 458.70 30.03 169.08
ALICON 1114.60 33.95 319.41
NELCAST 110.81 5.56 59.68
Updated at: 22 Nov 2024 15:41

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