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Sep 09 2011 11:52 AM
Ramkrishna Forgings forges ahead after credit rating upgrade

The announcement was made after trading hours on Thursday, 8 September 2011.

Meanwhile, the BSE Sensex was down 87.12 points, or 0.51%, to 17,078.42.

On BSE, 1,656 shares were traded in the counter compared with average volume of 4,551 shares over the past two weeks.

The stock hit a high of Rs 115 and a low of Rs 108.85 so far during the day.

Ramkrishna Forgings said it has also obtained ratings from CRISIL, which has assigned a rating of A- for the fund based facilities of the company with a stable outlook.

Ramkrishna Forgings' net profit rose 60.2% to Rs 5.11 crore on 44.6% increase in net sales to Rs 111.61 crore in Q1 June 2011 over Q1 June 2010.

Ramkrishna Forgings manufactures various forgings items of railways, automobiles and general engineering purposes.

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