M M Forgings gains after shareholders OK bonus issue
Meanwhile, the S&P BSE Sensex was up 342.90 points, or 0.95% to 36,608.83.
On the BSE, 3162 shares were traded in the counter so far compared with average daily volumes of 564 shares in the past two weeks. The stock had hit a high of Rs 1,472.95 and a low of Rs 1,412.05 so far during the day. The stock hit a record high of Rs 1,486.80 on 18 June 2018. The stock hit a 52-week low of Rs 547 on 11 August 2017.
The company will issue one bonus share for every one share held.
M M Forgings' net profit surged 114.67% to Rs 27.37 crore on 71.04% growth in net sales to Rs 197.65 crore in Q4 March 2018 over Q4 March 2017.
M M Forgings makes and exports closed die forgings.
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