Ramkrishna Forgings to look for acquisitions

Ramkrishna Forgings Ltd has announced that a meeting of the Board of Directors of the Company will be held on April 21, 2007, to consider a proposal to seek approval for an increase in borrowing powers to fund the various activities of the Company including for acquisition of Companies which will enable organic and inorganic growth for the Company and expand the business operations of the Company.

The stock was trading at Rs.142, up by Re.0.10 or 0.07%. The stock hit an intraday high of Rs.145.40 and low of Rs.142. The total traded quantity was 5285 compared to 2 week average of 16593.

Source : Equity Bulls

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