MM Forgings zooms 19%, nears record high on strong Q4 results

In Q4FY21, the company's standalone PAT nearly doubled at Rs 30.14 crore, against Rs 15.34 crore in Q3FY21, on the back of healthy income

Shares of MM Forging zoomed 19 per cent to hit a 52-week high of Rs 720 on the BSE in intra-day trade on Tuesday after the company reported a strong set of numbers for the quarter ended March 2021 (Q4FY21). The stock was trading close to its all-time high level of Rs 743, touched on June 18, 2018.

In Q4FY21, the company's standalone profit after tax (PAT) nearly doubled at Rs 30.14 crore, against Rs 15.34 crore in Q3FY21, on the back of healthy income. It had posted PAT of Rs 6.54 crore in Q4FY20.

Net standalone sales