Hot Pursuit     23-Mar-18
MM Forgings shrugs off weakness in broader market
MM Forgings rose 2.78% to Rs 1,050 at 15:19 IST on BSE, with the stock extending recent gains despite weakness in broader market.

Meanwhile, the S&P BSE Sensex was down 397.83 points or 1.21% at 32,608.44. The S&P BSE Small-Cap index declined 1.48%, underperforming the Sensex.

On the BSE, 520 shares were traded on the counter so far as against the average daily volumes of 11,000 shares in the past two weeks. The stock had hit a high of Rs 1,060.35 and a low of Rs 1,000 so far during the day. The stock had hit a 52-week high of Rs 1,229 on 1 January 2018 and a 52-week low of Rs 515 on 30 March 2017.

Shares of MM Forgings have risen 7.48% in four straight trading sessions to its ruling price, from its close of Rs 976.95 on 19 March 2018.

MM Forgings reported a net profit of Rs 15.16 crore on revenue of Rs 152.06 crore in the quarter ended December 2017.

MM Forgings is engaged in the manufacture of steel forgings.

Previous News
  M M Forgings
 ( Results - Analysis 15-Nov-22   10:25 )
  M M Forgings consolidated net profit declines 41.31% in the September 2019 quarter
 ( Results - Announcements 14-Nov-19   14:14 )
  M M Forgings consolidated net profit rises 19.52% in the March 2024 quarter
 ( Results - Announcements 30-May-24   07:43 )
  M M Forgings
 ( Results - Analysis 18-May-23   10:24 )
  M M Forgings fixes record date for interim dividend
 ( Market Beat - Reports 30-May-24   09:26 )
  MM Forgings to convene board meeting
 ( Corporate News - 07-Aug-24   13:55 )
  M M Forgings
 ( Results - Analysis 13-Aug-23   12:57 )
  Board of M M Forgings approves allotment of 2.41 cr bonus equity shares
 ( Corporate News - 17-Jul-24   15:47 )
  M M Forgings gains after announcing acquisition of 88% stake in Abhinava Rizel
 ( Hot Pursuit - 01-Sep-22   10:33 )
  M M Forgings standalone net profit declines 12.22% in the June 2019 quarter
 ( Results - Announcements 03-Aug-19   12:28 )
  MM Forgings acquires 88% stake in Abhinava Rizel
 ( Corporate News - 01-Sep-22   12:45 )
Other Stories
  MTNL hits the floor after SBI declares term loan account as NPA
  07-Oct-24   16:44
  Gujarat Pipavav slides on weak Q2 performance
  07-Oct-24   15:40
  GAIL partners with AM Green for sustainable energy solutions
  07-Oct-24   15:35
  Natco Pharma soars after Mylan settles Ozempic patent dispute
  07-Oct-24   15:28
  CG Power climbs after inking pact to acquire Renesas’ RF Component biz
  07-Oct-24   15:28
  Ashok Leyland bags supply order of electric trucks from Billion Electric Mobility
  07-Oct-24   15:13
  PG Electroplast Ltd leads losers in 'A' group
  07-Oct-24   15:00
  Rossell India Ltd leads losers in 'B' group
  07-Oct-24   14:45
  Volumes soar at Finolex Industries Ltd counter
  07-Oct-24   14:30
  Rama Steel records 42% YoY rise in Q2 steel sales volume
  07-Oct-24   14:14
Back Top