M M Forgings rose 3.33% to Rs 584 at 11:55 IST on BSE after net profit surged 85.1% to Rs 13.05 crore on 23.4% rise in total income to Rs 126.57 crore in Q3 December 2014 over Q3 December 2013.
The result was announced after market hours yesterday, 10 February 2015.
Meanwhile, the BSE Sensex was up 128.20 points, or 0.45%, to 28,483.82
On BSE, so far 12,000 shares were traded in the counter as against an average daily volume of 17,555 shares over the past one quarter.
The stock hit a high of Rs 596.40 and low of Rs 575 so far during the day. The stock hit a record high of Rs 612 on 5 February 2015. The stock hit a 52-week low of Rs 95 on 18 February 2014.
The stock had underperformed the market over the past one month till 10 February 2015, rising 1.26% compared with 3.27% rise in the Sensex. The scrip, however, outperformed the market in past one quarter, rising 16.28% as against Sensex's 1.73% rise.
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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