American Funds (Capital Group) decreased its stake in Ramkrishna Forgings Limited from 7.97% to 5.96% by selling 3,624,124 shares. The shares were worth ₹205.86 Cr based on the company's share price of ₹568.25.
A leading manufacturer of forged components for automobiles, railway wagons, coaches, and engineering applications across India. The company specializes in producing high-quality forged automotive parts and engineering components that serve diverse industrial sectors. Its expertise in advanced forging technology, precision manufacturing capabilities, and commitment to quality distinguish it as a major player in the Indian auto components and forging industry.
India equity holdings of American Funds, the mutual fund family of Capital Group. Long-only, fundamentally driven strategy.