While Morgan Stanley sold these shares through its affiliate Morgan Stanley Asia Singapore Pte. for Rs. 506.7 per share, while Societe Generale received Rs. The shares were offloaded at the rate of 506.75.
Monday’s closing price on NSE was Rs. 512.90 was at a discount of 1.2% to bid-ask prices.
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Shares of Ramakrishna Forging today Rs. 4 or 0.8% down to Rs. 508.90 was closed.
Established in 1981, Ramakrishna Forging is a metal fabrication company and is known for supplying forged, machined and fabricated products to various sectors such as automotive, railway, farm equipment, earth moving, mining and construction, oil and gas, power and general engineering.
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The stock has fallen 44% in the last 12 months and has lagged the market. According to Trendlyne data, the shares are currently trading at Rs. 530.8 and Rs. is trading below its 50-day and 200-day simple moving averages (SMA) of 604.1.
Dino’s MFI has fallen to 28 according to Trendlyne. The MFI is a momentum oscillator that measures buying and selling pressure using both price and volume, and a value below 30 is seen as oversold.
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The company in the quarter ended September Rs. 9.5 crore as against a consolidated net loss of Rs. 190 crore net profit was made. During the quarter under review, the total revenue was Rs. 913 crore, which was Rs. 1,056 crore is 13% less than Rs.
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