M M Forgings Ltd. News and Updates

Name: Latest research reports of M M Forgings Ltd. authored by CD Equisearch and published by - Trendlyne research reports.
Item: M M Forgings Ltd.
Rating: 4
Author: CD Equisearch

Keep track of all breaking news on M M Forgings Ltd. from all sources in a single place.

Load latest

M M Forgings Ltd.

28 Dec 2018

308.20

0.77%

Broker's call: MM Forgings (Accumulate)

Business Line

CD EquisearchMM Forgings (Accumulate)CMP: 657.95Target: 719Improved capacity utilisation to take advantage of the production capacities created rece

M M Forgings Ltd. is trading below all available SMAs

M M Forgings Ltd.

27 Dec 2018

308.20

0.77%

M M Forgings Ltd.

Accumulate: M M Forgings Ltd.

Recommendation Target

CD Equisearch

ICRA, a Indian credit rating agency, maintains stable outlook for the CV segment despite liquidity crunch and declining profitability from fleet operators, supported by increased infrastructure activities as a result of stable demand from core freight generating sectors like steel, cement and Exim trade. M&HCV; segment, which has so far remained indifferent to revision in axle load carrying norms, thereby reflecting a healthy...

M M Forgings Ltd. is trading below all available SMAs

M M Forgings Ltd.

31 Jul 2018, 12:00AM

308.20

0.77%

M M Forgings Ltd.

Buy: M M Forgings Ltd.

CD Equisearch

M M Forgings Ltd. has an average target of 430.00 from 1 broker.

M M Forgings Ltd.

18 Jul 2018

308.20

0.77%

MM Forgings

Buy: M M Forgings Ltd.

ICICI Securities Limited

ICICI Securities Ltd | Retail Equity Research MM Forgings (MMF) made an announcement of bonus shares on May 28, 2018. The ratio was one bonus share for every one existing equity share i.e. 1:1. The record date for the same is July 19, 2018 while the ex-date for the same is today i.e. July 18, 2018. Consequently, MMF's share price, as per yesterday's closing price, has dropped to | 682/share from | 1364/share. Hence, now our target price also stands revised to | 825/share (against earlier target of | 1650/share) post bonus issue of equity shares....

M M Forgings Ltd. is trading below all available SMAs

M M Forgings Ltd.

16 Jul 2018

308.20

0.77%

MM Forgings to turn ex-bonus on Wednesday

Business Line

Shares of MM Forgings will turn ex-bonus on Wednesday. The company is rewarding its shareholders with a 1:1 bonus issue. Shareholders whose name appe

M M Forgings Ltd. has an average target of 430.00 from 1 broker.

M M Forgings Ltd.

09 Jul 2018

308.20

0.77%

MM Forgings plans 650-crore expansion on buoyant CV outlook

Business Line

Auto component company MM Forgings will invest 650 crore in expanding its capacity over the next two years in view of the favourable growth outlook i

M M Forgings Ltd. has lost -47.17% in the last 1 Year

M M Forgings Ltd.

13 Jun 2018

308.20

0.77%

MM Forgings

Buy: M M Forgings Ltd.

ICICI Securities Limited

ICICI Securities Ltd | Retail Equity Research MM Forgings' (MMF) Q4FY18 revenue grew 65.6% YoY to | 199.5 crore, driven by both domestic (strong growth from CV segment) and export market (robust US Class 8 truck volumes) EBITDA margins declined 26 bps YoY, 140 bps QoQ to 19.4%, impacted by higher input cost (gross margin contracted 451 bps YoY, 756 bps QoQ). However, it was partly offset by lower other operational expenditure. Reported PAT grew 114.9% YoY to | 27.4 crore...

M M Forgings Ltd. has an average target of 430.00 from 1 broker.

M M Forgings Ltd.

23 May 2018

308.20

0.77%

MM Forgings hits record high on bonus issue plan; stock soars 12%

Business Standard

The stock hit a record high of Rs 1,244, up 12% on the BSE in noon deal on Wednesday after the company said that it board will meet on Monday, May 28, 2018 to consider bonus issue

M M Forgings Ltd. has lost -47.17% in the last 1 Year

M M Forgings Ltd.

18 Jan 2018

308.20

0.77%

M M Forgings Ltd.

Buy: M M Forgings Ltd.

CD Equisearch

To meet the growing customer demand, M M Forgings has recently allocated Rs 250 crs (Rs 50 crs for capacity expansion and Rs 200 crs for machining shop, export components, nts, new products and markets) to be completed by December 2018. The expansion cost will be 80% financed through debt and the rest through internal accruals and is expected to...