Buy mmfl for a target of 700Buy mmfl for a target of 700 in two months, if 700 is broken and held on weekly close can be held for 800 in 6 months
Next report date
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EPS estimate
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27.25 INR
1.35 B INR
15.63 B INR
19.81 M
About MM FORGINGS LTD
Sector
Industry
CEO
Vidyashankar Krishnan
Website
Headquarters
Chennai
Founded
1945
ISIN
INE227C01017
FIGI
BBG000DWQNW0
MM Forgings Ltd. engages in the manufacture of steel forgings. Its products include passenger cars, commercial vehicles, agricultural, off highway, and high-pressure valves. The company was founded in 1945 and is headquartered in Chennai, India.
#MMFL #NSE - BREAKOUT ALERTM.M.FORGINGS
LONG BASE
CONSOLIDATION
GAP UP BREAKOUT
MM Forgings shares jump 12% on first free share proposal in six years - CNBCTV18
Disclaimer:
For educational purpose only.
Please do your own research before taking any trades.
Happy Trading!
MM forgings , volume is upHuge volume seen in this counter
with stock moving up by 5 % in a day
the stock has a resistance at 955, crossing it we can see the targets mentioned in chart
the stock is weak below 899
MMFL-long price breaking out of ascending triangle pattern with decent volumes
price >18>50>200 day EMA
MACD crossover
target and stop loss marked
Low Risk set Up ✌✌✌This scrip has been choosen for short Term pick as it took support and reversal given. So traders add this scrip to your watchlist and try to capture the momentum. Thanks to all 🙏🙏🙏
MMFL Resistance BONSE:MMFL
#NSE:MMFL Given 2yrs Long Resistance BO. Chances to get a small pull back and bounce.
Marked the levels on chart.
Already shared the same stock @ 669 entry in Feb'22 and those who taken entry are enjoying profits.
New level might be the good choice in trending market and all dips are g
Brakout Ready:Mm Forgings LimitedMm Forgings Limited
1. A clear neckline breakout from multiple rounding bottoms, a cup-and-handle pattern
2. Very High volume
3. Trend is up
Fundamentals:
1. PE Ratio is half of the industry PE
2. PB Ratio is just 4 - cheap
Bearishness is left behindChart -> M.M. Forgings Daily
After hitting 5 times to the same resistance, finally it has given a breakout with huge volume. Because it broke out after trying 5 times, all the bearishness is left behind.
CMP: 970
Targets: 1100, 1150 and more
SL: 910
Disclaimer: This is for educational purposes on
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Displays a symbol's price movements over previous years to identify recurring trends.
Frequently Asked Questions
The current price of MMFL is 458.25 INR — it has increased by 0.34% in the past 24 hours. Watch M.M.FORGINGS LTD. stock price performance more closely on the chart.
Depending on the exchange, the stock ticker may vary. For instance, on BSE exchange M.M.FORGINGS LTD. stocks are traded under the ticker MMFL.
MMFL stock has risen by 1.17% compared to the previous week, the month change is a −7.68% fall, over the last year M.M.FORGINGS LTD. has showed a 2.27% increase.
We've gathered analysts' opinions on M.M.FORGINGS LTD. future price: according to them, MMFL price has a max estimate of 720.00 INR and a min estimate of 670.00 INR. Watch MMFL chart and read a more detailed M.M.FORGINGS LTD. stock forecast: see what analysts think of M.M.FORGINGS LTD. and suggest that you do with its stocks.
MMFL reached its all-time high on Jul 16, 2024 with the price of 725.00 INR, and its all-time low was 6.40 INR and was reached on Mar 6, 2009. View more price dynamics on MMFL chart.
See other stocks reaching their highest and lowest prices.
See other stocks reaching their highest and lowest prices.
MMFL stock is 3.44% volatile and has beta coefficient of 0.33. Track M.M.FORGINGS LTD. stock price on the chart and check out the list of the most volatile stocks — is M.M.FORGINGS LTD. there?
Today M.M.FORGINGS LTD. has the market capitalization of 22.13 B, it has increased by 3.90% over the last week.
Yes, you can track M.M.FORGINGS LTD. financials in yearly and quarterly reports right on TradingView.
M.M.FORGINGS LTD. is going to release the next earnings report on Feb 12, 2025. Keep track of upcoming events with our Earnings Calendar.
MMFL net income for the last quarter is 319.14 M INR, while the quarter before that showed 301.07 M INR of net income which accounts for 6.00% change. Track more M.M.FORGINGS LTD. financial stats to get the full picture.
M.M.FORGINGS LTD. dividend yield was 0.92% in 2023, and payout ratio reached 14.30%. The year before the numbers were 0.72% and 11.32% correspondingly. See high-dividend stocks and find more opportunities for your portfolio.
As of Nov 25, 2024, the company has 3.96 K employees. See our rating of the largest employees — is M.M.FORGINGS LTD. on this list?
EBITDA measures a company's operating performance, its growth signifies an improvement in the efficiency of a company. M.M.FORGINGS LTD. EBITDA is 3.03 B INR, and current EBITDA margin is 18.73%. See more stats in M.M.FORGINGS LTD. financial statements.
Like other stocks, MMFL shares are traded on stock exchanges, e.g. Nasdaq, Nyse, Euronext, and the easiest way to buy them is through an online stock broker. To do this, you need to open an account and follow a broker's procedures, then start trading. You can trade M.M.FORGINGS LTD. stock right from TradingView charts — choose your broker and connect to your account.
Investing in stocks requires a comprehensive research: you should carefully study all the available data, e.g. company's financials, related news, and its technical analysis. So M.M.FORGINGS LTD. technincal analysis shows the strong sell today, and its 1 week rating is sell. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1 month rating M.M.FORGINGS LTD. stock shows the sell signal. See more of M.M.FORGINGS LTD. technicals for a more comprehensive analysis.
If you're still not sure, try looking for inspiration in our curated watchlists.
If you're still not sure, try looking for inspiration in our curated watchlists.