Markets India
Ramkrishna Forgings shares surged 10% on 2 November 2026 after reporting a Q2 FY27 profit of ₹70.59 crore, reversing a ₹9.5 crore loss in the same period last year.
The company’s Q2 FY27 results showed revenue rising to ₹1,405.42 crore from ₹907.53 crore, while EBITDA more than doubled to ₹256.23 crore from ₹122.54 crore. The stock gained 34.74% in 2026, hitting an intraday high of ₹711.40. Analysts noted technical indicators suggesting further upside potential, with immediate support at ₹655–660 and resistance at ₹735–740. The turnaround reflects improved operational efficiency and market confidence, according to the report. Ramkrishna Forgings’ first-half FY27 net profit rose to ₹117.47 crore from ₹2.29 crore, with revenue climbing to ₹2,622.09 crore from ₹1,922.79 crore. The stock opened at ₹698 on 2 November 2026, fluctuating between ₹662.30 and ₹711.40. Expansion into non-ferrous forgings for aerospace and semiconductors could diversify revenue streams, while a joint venture with Indian Railways may boost long-term growth. Investors and stakeholders benefit from the improved financials, with export markets and customers in robotics and semiconductors potentially seeing long-term gains.
Ramkrishna Forgings’ Q2 profit and revenue growth signal a strong operational turnaround, but the sustainability of its 35% 2026 surge remains uncertain.
Topics: Ramkrishna Forgings, Financial Results, Stock Market, India, EBITDA Growth, Non-Ferrous Forging, Aerospace Industry, Semiconductor Sector
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Source: LiveMint
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