M M Forgings was locked in 20% upper circuit at Rs 283.90 at 13:53 IST on BSE after net profit rose 70% to Rs 13.24 crore on 26.7% rise in net sales to Rs 121.31 crore in Q1 June 2014 over Q1 June 2013.
The Q1 result was announced after market hours on Wednesday, 6 August 2014.
Meanwhile, the BSE Sensex was down 42.52 points, or 0.17%, to 25,622.75
On BSE, so far 26,349 shares were traded in the counter with pending buy orders of 27,211 shares at upper circuit. The stock has an average daily volume of 18,284 shares over the past one quarter.
The stock hit a record high of Rs 283.90 in intraday trade today, 7 August 2014. The stock hit a low of Rs 270 so far during the day. The stock hit a 52-week low of Rs 60.35 on 7 August 2013.
The small-cap stock had underperformed the market over the past one month till 6 August 2014, falling 1.58% compared with 1.14% fall in the Sensex. The scrip, however, outperformed the market in past one quarter, rising 72.76% as against Sensex's 14.03% rise.
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The company has an equity capital of Rs 12.07 crore. Face value per share is Rs 10.
M M Forgings makes and exports closed die forgings
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