Happy Forgings Ltd

NSE
HAPPYFORGE •
BUY

1W Return

-%

1M Return

-%

6M Return

-%

1Y Return

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3Y Return

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Start SIP in Happy Forgings Ltd
Stock Performance
52 Week Low - High
Today’s Low - High

Open

Prev. Close

Total Traded Value

View details of Market Depth
Fundamental

Market Cap (in crs)

Face Value

Turnover (in lacs)

Key Metrics
Qtr Change %
New 52W Low in past week
14.8
TTM PE Ratio
Price to Book Ratio
Above industry Median
9.3
Dividend yield 1yr %
0
TTM PEG Ratio
RSI
RSI is mid-range
52.3
MFI
MFI is mid-range
61

Happy Forgings Ltd shareholding Pattern

Promoter
78.6%
Foreign Institutions
1.8%
Mutual Funds
2.5%
Domestic Institutions
4.5%
Public
15.1%

Happy Forgings Ltd Technical Analysis

Moving Averages Analysis
Moving Averages Analysis
Current Price
Bullish Moving Averages
9
Bearish Moving Averages
0
5Day EMA
950.10
10Day EMA
952.90
12Day EMA
954.60
20Day EMA
961.00
26Day EMA
964.40
EMA
NaN
EMA
NaN
EMA
NaN
Delivery & Volume
Resistance & Support
970.32
Pivot
Resistance
First Resistance
997.53
Second Resistance
1,019.22
Third Resistance
1,046.43
Support
First Support
948.63
Second support
921.42
Third Support
899.73
Relative Strength Index
52.26
Money Flow Index
61.05
MACD
-10.03
MACD Signal
-9.42
Average True Range
35.18
Average Directional Index
16.23
Rate of Change (21)
-0.44
Rate of Change (125)
0.00

Happy Forgings Ltd Company background

Founded in: 1979
Managing director: PARITOSH KUMAR
Happy Forgings Limited was incorporated as Happy Forgings Private Limited at Jalandhar, Punjab as a private limited company, pursuant to a certificate of incorporation dated July 2, 1979, issued by the Registrar of Companies, Punjab, Himachal Pradesh and Chandigarh. Thereafter, Company was converted from a private limited company to a public limited company, and the name of Company was changed to Happy Forgings Limited, and a fresh certificate of incorporation dated April 1, 1998, issued by the Registrar of Companies, Punjab, Himachal Pradesh and Chandigarh.Happy Forgings are an engineering led manufacturer of complex and safety critical, heavy forged and high precision machined components in India. The Company manufacture a wide range of forged and machined products such as crankshafts, front axle beams, steering knuckles, differential cases, transmission parts, planetary carriers, suspension brackets and valve bodies across industries for a diversified base of customers. It mainly cater to domestic and global OEMs manufacturing commercial vehicles in the automotive sector and manufacturers of farm equipment, offhighway vehicles and manufacturers of industrial equipment and machinery for oil and gas, power generation, railways and wind turbine industries into the nonautomotive sector.The Company has emerged as a leading player in the domestic crankshaft manufacturing industry with the second largest production capacity for commercial vehicle and high horsepower industrial crankshafts in India. In 1995, the Company purchased heavy duty hammers for manufacturing of oil engine parts and motor parts. In 2006, it commissioned operations at Kanganwal Facility II unit, in 2008, commissioned first 8,000 ton forging press commenced manufacturing front steering parts by procuring axle arms in 2009 and installed model grinding technology used to manufacture four cylinder and six cylinder crankshafts. In 2011, it ventured into commercial vehicles, farm equipment and industrial equipment industries later on, the second 8,000 ton forging press was commissioned during 2017 again it ventured into a new sector by manufacturing pinion shaft in the wind turbine industry in 2019 installed third 8,000 ton forging press line in 2021 commenced Dugri Facility operations in 2021, commissioned front axle beam for electric buses into commercial vehicle industry in 2022 and thereafter, installed 8 dedicated lines for manufacturing crankshafts and commissioned first 14,000 ton forging press line in 2022. Through Initial Public Offer, the Company is planning Equity Shares of Fresh Issue aggregating Rs 500 Crores and an Offer for Sale by issuing 8,054,910 Equity Shares.
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Happy Forgings Ltd FAQs

Happy Forgings Ltd shares are currently priced at 975.85 on NSE and 977.45 on BSE as of 2/29/2024 12:00:00 AM. Please be aware that stock prices are subject to continuous fluctuations due to various factors.

The past 1-year return of Happy Forgings Ltd [HAPPYFORGE] share was 0. The Happy Forgings Ltd [HAPPYFORGE] share hit a 1-year low of Rs. 904.25 and a 1-year high of Rs. 1087.4.

The market cap of Happy Forgings Ltd is Rs. 9192.98 Cr. as of 2/29/2024 12:00:00 AM.

The PE ratios of Happy Forgings Ltd is 40.4 as of 2/29/2024 12:00:00 AM.

The PB ratios of Happy Forgings Ltd is 6.12 as of 2/29/2024 12:00:00 AM

The Mutual Fund Shareholding was 5.14% at the end of 2/29/2024 12:00:00 AM.

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