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Ganga Forging Ltd

Ganga Forging Ltd (GANGAFORGE)

₹8.45▲2.42%

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Overview

Fundamentals

Q3 '23 Results

Technicals

News and Events

Ganga Forging Ltd share Performance

₹8
₹8.55
₹8.45
5.33%
Low
Day's Volatility:6.51%
High
1.18%
₹3.45
₹17.5
₹8.45
59.17%
Low
52 Weeks Volatility:166.27%
High
107.10%

Returns %
1 Month Return	-8.84 %
3 Month Return	-42.71 %
1 Year Return	+ 120 %

Market Stats
Previous Close	₹₹8.25
Open	₹₹8.25
Volume	₹1.18L
Upper Circuit	₹-
Lower Circuit	₹-
Market Cap	₹₹91.55Cr

Company Information

Ganga Forging Limited was founded in 1988 at Ahmedabad, India, as a private limited company and was converted to a public limited company in October 2017. The company manufactures closed-die forged products catering to the automotive and non-automotive segments, including commercial vehicles, passenger cars, three-wheelers, two-wheelers, tractors, electric power transmission, dairy equipment, agricultural gear, gear boxes, crank shafts, and flanges. With ISO 9001:2008 certification, a strong Quality Assurance System, and an in-house testing laboratory, the company ensures its products meet all applicable requirements. Founded by Mr. Hiralal Tilva and Late Mr. Chhaganlal Patel, and later joined by Mr. Rakesh Chhaganlal Patel, Ganga Forging Ltd has extended its sales and operations. The company primarily sells their products as semi-finished goods to suppliers who do further grinding.

Share Price: ₹8.45 per share as on 18 May, 2024 04:01 PM
Market Capitalisation: ₹91.55Cr as of today
Listing date: 11 Jul, 2018
Chairperson Name: Hiralal Mahidasbhai Tilva

Organisation	Ganga Forging Ltd
Headquarters
Industry	Castings, Forgings & Fastners
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Fundamentals of Ganga Forging Ltd

Insights on Ganga Forging Ltd

Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.

POSITIVE IMPACT
Promoter Holding Up
Promoters have increased holdings from 39.02% to 40.82% in Mar 2024 quarter
NO EFFECT
Against Peers
In the last 1 year, NMDC Ltd has given 164.0% return, outperforming this stock by 44.0%
NO EFFECT
Against Peers
In the last 3 years, Jindal Steel & Power Ltd has given 131.1% return, outperforming this stock by 103.2%
NEGATIVE IMPACT
Price Dip
In the last 3 months, GANGAFORGE stock has moved down by -42.7%
NEGATIVE IMPACT
FII Holding Down
Foreign Institutions have decreased holdings from 0.06% to 0.04% in Mar 2024 quarter
NEGATIVE IMPACT
Retail Holding Down
Retail Investor have decreased holdings from 60.92% to 59.14% in Mar 2024 quarter