MM Forgings surged 3.85% to Rs 139 at 13:01 IST on BSE after posting 20.6% rise in net profit to Rs 4.50 crore on 8.8% increase in net sales to Rs 54.63 crore in Q4 March 2008 over Q4 March 2007.
The stock hit a high of Rs 142 and a low of Rs 134 so far during the day. The stock had a 52-week high of Rs 192 on
The company’s current equity is Rs 6.04 crore. Face value per share is Rs 10.
The current price of Rs 139 discounts its Q4 March 2008 annualised EPS of Rs 29.80, by a PE multiple of 4.66.
MM Forgings’ net profit rose 5% to Rs 14.79 crore on 8.26% increase in net sales to Rs 197.15 crore in the year ended March 2008 (FY 2008) over the year ended March 2007 (FY 2007).
The company manufactures carbon and alloy steel forgings.
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