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M M Forgings Ltd.
23 Aug 2021
338.60
2.31%
ICICI Securities Limited
Standalone revenue decline was limited to 16.2% QoQ at | 239 crore vs. >50% M&HCV; volume decline domestically; largely aided by exports EBITDA margins were down ~170 bps QoQ to 18.1%, tracking negative operating leverage; gross margins rose ~100 bps sequentially Consequent PAT declined ~21% sequentially to | 24 crore...
M M Forgings Ltd. has an average target of 720.00 from 2 brokers.
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