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Ramkrishna Forgings Limited
Share Price Target & Analysis

NSE:RKFORGE

710.18

VWAP

710.00

Open

704.85

Close

717.20

High

702.30

Low

814.70

52 Week High

715.10 ⇧
10.25 (1.45%)

RKFORGE

(INDUSTRIAL MANUFACTURING)
79.1% Momentum

Trending & Favourite

337.20

52 Week Low

18.04

EPS

43.58

PE

9.73

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 715.10, this results in a dividend yield of 0.07 %.

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 18.04. NSE:RKFORGE book value per share as of today is 73.48. The current price to book ratio for RKFORGE as of May 15, 2024 is 9.73.

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 46.96% is very crucial parameter which shows that 46.96% investors are anticipating that the price of RKFORGE share should go up with VWAP at 710.18.

Now, the main question is whether to BUY or SELL, NSE:RKFORGE at current valuation.
As per latest Analysis No. #1626:-

⇑ 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 (May 15, 2024)

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

Ramkrishna Forgings Limited share price moved Up by 1.45% from its previous close of Rs 704.85. RKFORGE stock last traded price is 715.10. RKFORGE share price trend is Up with a total of 150091 stocks traded till now. It has touched an intraday high of Rs 717.20 and an intraday low of Rs 702.30. The RKFORGE trading at 715.10, Up by Rs. 10.25, or 1.45 percent which suggests that most of the Traders are anticipating that the price of RKFORGE share should go Up.

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 Up by 1.45%. RKFORGE share price short term trend is Up. It suggests that RKFORGE Share Price for Tomorrow remains the same with VWAP at 710.18 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

 715.10

RKFORGE Share Price Target Prediction for 2024 ^

 554.6 - 818.7

RKFORGE Share Price Target Prediction for 2025*^

 818.7 - 872.2

RKFORGE Share Price Target Prediction for 2026*^

 872.2 - 933.3

RKFORGE Share Price Target Prediction for 2027*^

 980

RKFORGE Share Price Target Prediction for 2028*^

 1008

RKFORGE Share Price Target Prediction for 2030*^

 1099
RKFORGE Current Book Value 2023
73.1

*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: @715.1

RKFORGE Moving Averages

BUY (6) NEUTRAL (0) SELL (8)
MA Simple Action S1 Expo Action E2
MA_5 697.51 BUY 705.85 BUY
MA_12 722.65 SELL 714.72 BUY
MA_20 732.87 SELL 717.59 SELL
MA_32 717.43 SELL 718.41 SELL
MA_50 711.2 BUY 719.11 SELL
MA_100 729.3 SELL 716.06 SELL
MA_200 699.36 BUY 660.51 BUY

RKFORGE Trend Oscillators

BUY (0) NEUTRAL (1) SELL (3)
Trend Oscillators Value Action
Bollinger Bands 732.87 Downtrend
MACD -5.31 SELL
ADX 20.81 NO or Weak Trend
DMI (+/-) 13.8 / 21.64 Downtrend

RKFORGE Momentum Oscillators

BUY (3) NEUTRAL (8) SELL (1)
Momentum Oscillators Value Action
RSI 49.16 Neutral
STOCHASTIC_K (Fast) 90.16 Overbought
STOCHASTIC_D (Slow) 61.62 Neutral
CCI -37.37 Neutral
PSAR 735 SELL
TRUE RANGE 14.9 Neutral
ATR 29.26 Neutral
WILLIAMS R -57.91 Neutral
TRIX 0 Neutral
STOCHASTIC RSI K 100 Overbought
STOCHASTIC RSI D 72.75 Neutral
MOMENTUM 26.2 BUY

RKFORGE Last 1 Year Trend

Duration Value
1 Year 110.66%
3 Months -2.71%
1 Month 3.8%
1 Week 1.36%

RKFORGE Technical Analysis Summary

Updated on 2024-05-15
Action Overall (%)
BUY 30%
NEUTRAL / HOLD 30%
SELL 40%

Most popular Questions & Answers about RKFORGE


Ramkrishna Forgings Limited stock last traded price is 715.10. RKFORGE share price moved Up by 1.45% from its previous close of Rs 704.85.

Ramkrishna Forgings Limited share price trend is Up with a total of 150091 stocks traded till now. It has touched an intraday high of Rs 822.847 and an intraday low of Rs 702.30. The RKFORGE trading at 715.10, Up by Rs. 10.25, or 1.45 percent which suggests that most of the Traders are anticipating that the price of RKFORGE share should go Up and the Stop Loss will be around 710.18.

The market cap of Ramkrishna Forgings Limited is ₹2979.8 (in Cr) as of May 14, 2024.

The current price to earning ratio for Ramkrishna Forgings Limited as of May 14, 2024 is 43.58.

The current price to book ratio for Ramkrishna Forgings Limited as of May 14, 2024 is 9.73.

The highest price of Ramkrishna Forgings Limited stock is ₹814.70 in the last 52-week.

The lowest price of Ramkrishna Forgings Limited stock is ₹337.20 in the last 52-week.

Ramkrishna Forgings Limited share trading at ₹715.10, Up by Rs. 10.25, or 1.45 percent which suggests that most of the traders are anticipating that the price of RKFORGE share should go Up.

In 2023, Stock price target for Ramkrishna Forgings Limited (RKFORGE) are ₹554.6 on downside and ₹818.7 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 ₹818.7 on downside and ₹872.2 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 ₹872.2 on downside and ₹933.3 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 ₹1008 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.

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 18.04. Ramkrishna Forgings Limited book value per share as of today is 73.48. The current price to book ratio for RKFORGE as of May 15, 2024 is 9.73.


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 667.45 37.47 106.33
BHARATFORG 1459.25 30.61 184.04
AIAENG 3755.45 103.11 580.26
RKFORGE 715.10 18.04 73.48
JAYNECOIND 49.30 2.16 23.31
ELECTCAST 169.40 11.91 68.71
MMFL 1139.00 55.93 285.3
ALICON 868.40 25.44 292
NELCAST 145.95 6.25 60.09
LGBFORGE 10.75 0 1.27
Updated at: 15 May 2024 15:42

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