M M Forgings advanced 2.18% to Rs 241 at 11:40 IST on BSE after a mutual fund bought 0.58% stake in the company on Tuesday, 8 July 2014.
Meanwhile, the BSE Sensex was down 49.89 points, or 0.2%, to 25,532.22
On BSE, so far 20,907 shares were traded in the counter as against average daily volume of 19,522 shares over the past one quarter.
The stock hit a high of Rs 250.10 and a low of Rs 235 so far during the day. The stock had hit a record high of Rs 268.90 on 1 July 2014. The stock hit a 52-week low of Rs 60.35 on 7 August 2013.
The small-cap stock outperformed the market over the past one month till 8 July 2014, rising 33.89% compared with 0.73% rise in the Sensex. The scrip also outperformed the market in past one quarter, surging 97.28% as against Sensex's 14.49% rise.
The company has an equity capital of Rs 12.07 crore. Face value per share is Rs 10.
Franklin Templeton Mutual Fund A/C India Opportunities Fund bought 70,677 shares of M M Forgings at an average price of Rs 237.24 per share in a bulk deal on NSE on Tuesday, 8 July 2014.
M M Forgings' net profit rose 14.5% to Rs 7.82 crore on 14.2% rise in net sales to Rs 107.07 crore in Q4 March 2014 over Q4 March 2013.
M M Forgings makes and exports closed die forgings.
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