M M Forgings Ltd
MMFL

424.90

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

422.20

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Turnover (lac)
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Reco. Price
Rs 417.00

Last updated on 03-Dec-2016

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 ~10x FY17E P/E compared to industry average of ~12x FY17E. (Target: Rs 455)
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50 DMA (.)
436.25
100 DMA (.)
430.32
200 DMA (.)
435.62
Weekly Range (.)
417.00
435.00
Monthly Range (.)
366.00
497.70
52 Weeks Range (.)
366.00
553.95
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