MM Forgings surges 20%; hit upper circuit on strong Q1 results

Shares of M M Forgings surged 20 per cent today after the company reported impressive set of results in the April-June quarter.
The company's stock skyrocketed 19.99 per cent to Rs 283.90 -- its upper circuit limit at the BSE.
On the NSE, the scrip surged 19.99 per cent to hit the highest trading permissible limit for the day at Rs 283.65.
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.

Meanwhile, the broader market was weak with the benchmark Sensex falling 76.26 points to end the day at 25,589.01.