Ramkrishna Forgings Limited (RKFL) is a company that was established in 1981 and specializes in manufacturing forged components for various sectors such as automobiles, railways, and engineering.

They produce a range of products including rolled and machined components and are a key supplier of safety items for railway coaches and wagons.

RKFL has manufacturing facilities in Jharkhand and West Bengal and serves industries like defense, oil & gas, and mining.

They produce critical components for transmissions and axles.

Asit C Mehta has recommended buying shares of Ramkrishna Forgings, with a target price of Rs 1,255 per share. This suggests a potential upside of 29% from the current trading price.

The valuation is based on a multiple of 26 times the estimated earnings per share for FY27, reflecting the company's strong market position and growth prospects in emerging industry opportunities.

The stock is currently trading at Rs 967.75, showing a gain of 2.21% with a trading volume of 138,042 shares.