M M Forgings Ltd
MMFL

547.35

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Turnover (lac)
Prev. Close ()
Day's Vol.(shares)

553.10

Open ()
Turnover (lac)
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Day's Vol.(shares)
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Reco. Price
Rs 542.00
We recommend accumulate on account of favorable domestic CV industry outlook and ongoing capacity expansion. This will be backed by rise in domestic logistics demand and cyclical uptrend in the industry. The stock trades at ~11x FY17E P/E compared to industry average of ~12x FY17E. (Target: Rs 574)
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50 DMA (.)
481.96
100 DMA (.)
458.38
200 DMA (.)
444.94
Weekly Range (.)
527.10
564.00
Monthly Range (.)
457.55
569.95
52 Weeks Range (.)
366.00
569.95
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