MM Forgings is currently trading at Rs. 1010.00, up by 12.00 points or 1.20% from its previous closing of Rs. 998.00 on the BSE.
The scrip opened at Rs. 998.00 and has touched a high and low of Rs. 1020.00 and Rs. 965.50 respectively. So far 299 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 1229.00 on 01-Jan-2018 and a 52 week low of Rs. 450.00 on 15-Feb-2017.
Last one week high and low of the scrip stood at Rs. 1108.95 and Rs. 940.00 respectively. The current market cap of the company is Rs. 1219.11 crore.
The promoters holding in the company stood at 56.41%, while Institutions and Non-Institutions held 18.31% and 25.28% respectively.
MM Forgings has acquired DVS Industries, a leading manufacturer of crankshafts for commercial, agriculture and off-highway vehicles, for a sum of Rs 4.5 crore.
With this acquisition, the company will enhance synergies between its wide ranging capabilities in forgings and machining, and DVS Industries’ long standing expertise in machining of crankshafts.
MM Forgings is the largest steel forging company in South India having multiple facilities in India.
| Company Name | CMP |
|---|---|
| Bharat Forge | 1859.95 |
| Ramkrishna Forgings | 535.30 |
| MM Forgings | 463.25 |
| Happy Forgings | 1336.75 |
| Balu Forge Industrie | 486.20 |
| View more.. | |
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