MM Forgings drops after muted Q4 result

MM Forgings lost 4.52% to Rs 460.40 at 12:49 IST on BSE, after net profit fell 1.3% to Rs 10.97 crore on 0.7% fall in net sales to Rs 122.49 crore in Q4 March 2016 over Q4 March 2015.

The result was announced after market hours yesterday, 9 May 2016.

Meanwhile, the BSE Sensex was down 22.86 points, or 0.09% at 25,666

On BSE, so far 720 shares were traded in the counter as against an average daily volume of 1,222 shares in the past one quarter. The stock hit a high of Rs 465.50 and a low of Rs 450 so far during the day. The stock had hit a 52-week high of Rs 716.75 on 4 August 2015. The stock had hit a 52-week low of Rs 335.60 on 12 February 2016.

The small-cap company has an equity capital of Rs 12.07 crore. Face value per share is Rs 10.

MM Forgings manufactures steel forgings in raw, semi-machined and fully machined stages in various grades of Carbon, Alloy, Micro-Alloy and Stainless Steels in the weight range of 0.20 kilogram (Kg) to 60 Kg.

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