NIFTY 22200.55 BANK 47687.45

MM Forgings Limited
Share Price Target & Analysis

NSE:MMFL

1139.80

VWAP

1146.80

Open

1143.65

Close

1150.60

High

1133.30

Low

1205.00

52 Week High

1139.00 ⇩
-4.65 (-0.41%)

MMFL

(INDUSTRIAL MANUFACTURING)
82.6% Momentum

Trending & Favourite

825.00

52 Week Low

55.93

EPS

43.58

PE

3.99

PB

Economical
Quality

Silver
Valuation

#Analysis

NSE: MMFL Share Price Financial Analysis & Valuation

MM Forgings Limited (MMFL) is broadly categorized in INDUSTRIAL MANUFACTURING segment industry which deals in Castings & Forgings vertical. It is one of Small Cap company with Market Capitalization of Rs 1612.1 (in Cr). Total number of free float shares are 2.4 (in Lacs). MM Forgings Limited is listed on NSE with Exchange ID - INE227C01017 and trading code is NSE:MMFL with short name MM Forgings.

In the past 1 year, MM Forgings Limited has declared an equity dividend of Rs 6 per share. At the current share price of MMFL at Rs 1139.00, this results in a dividend yield of 0.53 %.

As per the Fundamental Analysis of NSE:MMFL, which uses revenues, earnings, future growth, financial ratios, return on equity, profit margins, and other data to determine MMFL underlying value and future prospects. All of this data is available in MMFL financial statements.

Quality of the Stock: As per the fundamental analysis of NSE:MMFL, it is clearly understood that MMFL is Economical performer in terms of earnings and profit margins with an EPS of 55.93. NSE:MMFL book value per share as of today is 285.30. The current price to book ratio for MMFL as of May 15, 2024 is 3.99.

Valuation of the Stock: The current valuation of MMFL stock is like Silver which means currently the stock is at Premium. Now, it's totally depends upon the risk appetite of an investor and risk-reward ratio of MMFL whether to BUY this stock at current valuation. The delivery percentage of MMFL is 55.69% is very crucial parameter which shows that 55.69% investors are anticipating that the price of MMFL share should go up with VWAP at 1139.80.

Now, the main question is whether to BUY or SELL, NSE:MMFL at current valuation.
As per latest Analysis No. #587:-

⇑ STRONG BUY MMFL if All Greens

⇗ BUY MMFL (at Lower Levels) if any 2 Greens

⇒ NEUTRAL or HOLD MMFL (With Stop Loss) if only 1 Green

⇘ SELL MMFL if NO Green Indicator

NSE: MMFL Share Price Today (May 15, 2024)

(MM Forgings Limited Daily Analysis on the basis of MMFL Intraday Graph & Trend)

MM Forgings Limited share price moved Down by -0.41% from its previous close of Rs 1143.65. MMFL stock last traded price is 1139.00. MMFL share price trend is Down with a total of 39215 stocks traded till now. It has touched an intraday high of Rs 1150.60 and an intraday low of Rs 1133.30. The MMFL trading at 1139.00, Down by Rs. -4.65, or -0.41 percent which suggests that most of the Traders are anticipating that the price of MMFL share should go Down.

NSE: MMFL Share Price Tomorrow Prediction

(MM Forgings Limited Share Price Prediction for Tomorrow & future forecast is based on Current Trend of MMFL)

MM Forgings Limited share price moved Down by -0.41%. MMFL share price short term trend is Down. It suggests that MMFL Share Price for Tomorrow remains the same with VWAP at 1139.80 will be treated as stop loss for intraday traders. MM Forgings Limited Long term investors can follow the MMFL long term trend as mentiond in future forecast table.

NSE Code

NSE: MMFL

MMFL Share Price Today

 1139.00

MMFL Share Price Target Prediction for 2024 ^

 975.2 - 1211

MMFL Share Price Target Prediction for 2025*^

 1211 - 1290.1

MMFL Share Price Target Prediction for 2026*^

 1290.1 - 1380.4

MMFL Share Price Target Prediction for 2027*^

 1449

MMFL Share Price Target Prediction for 2028*^

 1491

MMFL Share Price Target Prediction for 2030*^

 1625
MMFL Current Book Value 2023
283.9

*MM Forgings Limited Short Term & Long Term share price target is based on current financial year earings of the company.
^MMFL share price target prediction for 2024 2025 & 2026 to 2030 is based on current market scenario, future forecast & growth assumptions, they might change subject to market sentiments.

MMFL Technical Analysis

Candlestick Pattern: @1170.9

MMFL Moving Averages

BUY (14) NEUTRAL (0) SELL (0)
MA Simple Action S1 Expo Action E2
MA_5 1097.98 BUY 1106.23 BUY
MA_12 997.48 BUY 1028.89 BUY
MA_20 957.55 BUY 994.28 BUY
MA_32 927.21 BUY 963.18 BUY
MA_50 934.03 BUY 949.55 BUY
MA_100 944.51 BUY 937.66 BUY
MA_200 929.81 BUY 922.58 BUY

MMFL Trend Oscillators

BUY (4) NEUTRAL (0) SELL (0)
Trend Oscillators Value Action
Bollinger Bands 1157.22 OverBought
MACD 27.24 BUY
ADX 34.8 Strong Trend
DMI (+/-) 40.89 / 6.57 Uptrend

MMFL Momentum Oscillators

BUY (9) NEUTRAL (3) SELL (0)
Momentum Oscillators Value Action
RSI 84.06 Overbought
STOCHASTIC_K (Fast) 90.75 Overbought
STOCHASTIC_D (Slow) 84.31 Overbought
CCI 126.93 BUY
PSAR 951.88 BUY
TRUE RANGE 38.35 Neutral
ATR 45.5 Neutral
WILLIAMS R -2.97 Overbought
TRIX 0 Neutral
STOCHASTIC RSI K 100 Overbought
STOCHASTIC RSI D 83.71 Overbought
MOMENTUM 299.8 BUY

MMFL Last 1 Year Trend

Duration Value
1 Year 43%
3 Months 20.86%
1 Month 34.42%
1 Week 12.78%

MMFL Technical Analysis Summary

Updated on 2024-04-29
Action Overall (%)
BUY 90%
NEUTRAL / HOLD 10%
SELL 0%

Most popular Questions & Answers about MMFL


MM Forgings Limited stock last traded price is 1139.00. MMFL share price moved Down by -0.41% from its previous close of Rs 1143.65.

MM Forgings Limited share price trend is Down with a total of 39215 stocks traded till now. It has touched an intraday high of Rs 1217.05 and an intraday low of Rs 1133.30. The MMFL trading at 1139.00, Down by Rs. -4.65, or -0.41 percent which suggests that most of the Traders are anticipating that the price of MMFL share should go Down and the Stop Loss will be around 1139.80.

The market cap of MM Forgings Limited is ₹1612.1 (in Cr) as of May 14, 2024.

The current price to earning ratio for MM Forgings Limited as of May 14, 2024 is 43.58.

The current price to book ratio for MM Forgings Limited as of May 14, 2024 is 3.99.

The highest price of MM Forgings Limited stock is ₹1205.00 in the last 52-week.

The lowest price of MM Forgings Limited stock is ₹825.00 in the last 52-week.

MM Forgings Limited share trading at ₹1139.00, Down by Rs. -4.65, or -0.41 percent which suggests that most of the traders are anticipating that the price of MMFL share should go Down.

In 2023, Stock price target for MM Forgings Limited (MMFL) are ₹975.2 on downside and ₹1211 on upside. MM Forgings Limited share price target is based on current financial year earings of the company.

In 2024, Stock price target for MM Forgings Limited (MMFL) are ₹1211 on downside and ₹1290.1 on upside. MM Forgings Limited share price target is based on forecasted future earnings of the company.

In 2025, Stock price target for MM Forgings Limited (MMFL) are ₹1290.1 on downside and ₹1380.4 on upside. MM Forgings Limited share price target is based on Discounted Cash Flow (DCF) method uses the projected future cash flows of the business.

In next five years, Stock price target for MM Forgings Limited (MMFL) will be around ₹1491 MM Forgings Limited share price target is based on market scenario & growth assumptions, they might change subject to market sentiments and forecasted future earnings of MMFL.

As per the fundamental analysis of MM Forgings Limited (MMFL), it is of Economical quality in terms of earnings and profit margins with an EPS of 55.93. MM Forgings Limited book value per share as of today is 285.30. The current price to book ratio for MMFL as of May 15, 2024 is 3.99.


NSE:MMFL News & Other Useful Information about MMFL Share Price


Peer Comparison of NSE: MMFL

The Peers list includes companies operating in the same industry and having comparable market cap.

Sector: Castings & Forgings

Company Price EPS BV
STEELCAS 667.45 37.47 106.33
BHARATFORG 1459.25 30.61 184.04
AIAENG 3755.45 103.11 580.26
RKFORGE 715.10 18.04 73.48
JAYNECOIND 49.30 2.16 23.31
ELECTCAST 169.40 11.91 68.71
MMFL 1139.00 55.93 285.3
ALICON 868.40 25.44 292
NELCAST 145.95 6.25 60.09
LGBFORGE 10.75 0 1.27
Updated at: 15 May 2024 15:47

Feel free to contact us, in case of any queries.

SITEMAP 4991
Disclaimer: Published information or data available on the Website may not be current or up to date and also any information or data available on this website may contain inaccuracies and/or typographical errors. Kindly refer any reliable source for its accuracy. If you select any of these stocks for your trades, you do so at your own risk.

Stocks to Watch Today

ADANIENT 3049.75 12.20 (0.4%) | ADANIGREEN 1835.00 46.20 (2.58%) | ADANIPORTS 1337.60 6.35 (0.48%) | ADANITRANS 1022.05 31.00 (3.13%) | AMBUJACEM 611.70 1.50 (0.25%) | APOLLOHOSP 5854.80 -8.00 (-0.14%) | ASIANPAINT 2813.00 -53.15 (-1.85%) | ATGL 916.60 7.65 (0.84%) | AUROPHARMA 1157.05 -11.55 (-0.99%) | AXISBANK 1128.00 5.15 (0.46%) | BAJAJ-AUTO 8903.15 -162.10 (-1.79%) | BAJAJFINSV 1570.75 -5.70 (-0.36%) | BAJFINANCE 6680.00 4.30 (0.06%) | BALKRISIND 2507.00 19.35 (0.78%) | BANDHANBNK 189.90 1.35 (0.72%) | BANKBARODA 263.90 3.05 (1.17%) | BEL 232.85 1.90 (0.82%) | BERGEPAINT 486.15 -8.40 (-1.7%) | BHARTIARTL 1309.90 25.60 (1.99%) | BIOCON 311.90 1.00 (0.32%) | BOSCHLTD 30930.00 -952.00 (-2.99%) | BPCL 625.05 19.10 (3.15%) | BRITANNIA 5062.05 -78.75 (-1.53%) | CADILAHC 992.50 10.35 (1.05%) | CIPLA 1405.50 48.15 (3.55%) | COALINDIA 467.50 18.80 (4.19%) | COLPAL 2673.00 -146.95 (-5.21%) | DABUR 546.60 -7.95 (-1.43%) | DIVISLAB 3892.55 -3.65 (-0.09%) | DLF 825.05 -14.00 (-1.67%) | DMART 4652.45 55.40 (1.21%) | DRREDDY 5882.00 13.20 (0.22%) | EICHERMOT 4648.00 -82.55 (-1.75%) | GAIL 200.40 0.35 (0.17%) | GLAND 1776.00 10.50 (0.59%) | GODREJCP 1295.00 -11.90 (-0.91%) | GRASIM 2369.70 -2.35 (-0.1%) | GUJGASLTD 542.50 -8.90 (-1.61%) | HAVELLS 1753.00 23.90 (1.38%) | HCLTECH 1335.00 13.95 (1.06%) | HDFC 2724.30 0.00 (0%) | HDFCAMC 3754.80 76.90 (2.09%) | HDFCBANK 1440.80 -20.15 (-1.38%) | HDFCLIFE 555.95 -5.60 (-1%) | HEROMOTOCO 5037.90 -5.55 (-0.11%) | HINDALCO 653.10 6.45 (1%) | HINDUNILVR 2327.80 -21.80 (-0.93%) | HINDZINC 559.40 -0.50 (-0.09%) | ICICIBANK 1125.10 4.55 (0.41%) | ICICIGI 1657.45 -26.35 (-1.56%) | ICICIPRULI 580.35 -16.85 (-2.82%) | INDIGO 4295.50 148.15 (3.57%) | INDUSINDBK 1418.00 -3.00 (-0.21%) | INDUSTOWER 341.50 2.00 (0.59%) | INFY 1419.95 -4.75 (-0.33%) | IOB 61.90 0.05 (0.08%) | IOC 162.00 2.65 (1.66%) | ITC 427.80 -1.90 (-0.44%) | JSWSTEEL 870.55 -10.95 (-1.24%) | KOTAKBANK 1650.80 4.50 (0.27%) | LT 3411.30 31.85 (0.94%) | LTI 4634.85 41.30 (0.9%) | LUPIN 1639.10 1.95 (0.12%) | M&M 2301.45 31.55 (1.39%) | MARICO 590.80 -9.45 (-1.57%) | MARUTI 12758.50 -55.70 (-0.43%) | MCDOWELL-N 1174.25 -1.35 (-0.11%) | MOTHERSUMI 127.55 2.50 (2%) | MUTHOOTFIN 1676.10 -1.20 (-0.07%) | NAUKRI 5921.50 -95.80 (-1.59%) | NESTLEIND 2465.00 -22.35 (-0.9%) | NMDC 267.75 2.70 (1.02%) | NTPC 361.35 5.55 (1.56%) | ONGC 273.00 0.10 (0.04%) | PEL 823.40 -6.85 (-0.83%) | PIDILITIND 2986.00 2.25 (0.08%) | PIIND 3645.95 -21.65 (-0.59%) | PNB 124.15 -1.60 (-1.27%) | POWERGRID 314.35 5.10 (1.65%) | RELIANCE 2831.70 -8.45 (-0.3%) | SAIL 166.40 1.75 (1.06%) | SBICARD 713.90 -4.50 (-0.63%) | SBILIFE 1428.80 -4.05 (-0.28%) | SBIN 820.10 1.90 (0.23%) | SHREECEM 25850.00 -174.90 (-0.67%) | SIEMENS 7119.30 458.85 (6.89%) | SRF 2290.00 3.25 (0.14%) | SUNPHARMA 1527.40 -17.85 (-1.16%) | TATACONSUM 1070.00 -15.45 (-1.42%) | TATAMOTORS 947.30 -17.35 (-1.8%) | TATAMTRDVR 637.30 -9.05 (-1.4%) | TATASTEEL 165.60 0.65 (0.39%) | TCS 3880.40 -20.80 (-0.53%) | TECHM 1276.90 1.40 (0.11%) | TITAN 3269.90 -19.00 (-0.58%) | TORNTPHARM 2652.35 21.70 (0.82%) | ULTRACEMCO 9614.10 -46.55 (-0.48%) | UPL 514.80 4.75 (0.93%) | VEDL 437.40 4.85 (1.12%) | WIPRO 458.30 1.95 (0.43%) |