MM Forgings shares continue to rally; gain over 13%

Shares of M M Forgings surged over 13 per cent today after the company reported impressive set of results in the April-June quarter.
The company's stock zoomed 13.61 per cent to settle at Rs 322.55 on the BSE. During the day, it surged 17.29 per cent to Rs 333 -- its 52-week high level.
At the NSE, M M Forgings shares soared 12.46 per cent to end at Rs 319.
In the previous session, the stock had climbed 20 per cent.
The company's net profit surged to Rs 13.24 crore, up 70 per cent, from Rs 7.78 crore, in the corresponding quarter last fiscal.

Net sales for the period increased to Rs 121.3 crore in June quarter from Rs 95.7 crore, in year-ago period.
The company had announced its quarterly earnings on Wednesday.
Meanwhile, the broader market was weak with the benchmark Sensex falling 259.87 points to end the day at 25,329.14.