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MM Forgings Limited
Share Price Target & Analysis

NSE:MMFL

459.19

VWAP

469

Open

468.2

Close

470.95

High

455

Low

729.8

52 Week High

458.70 ⇩
-9.50 (-2.03%)

MMFL

(INDUSTRIAL MANUFACTURING)
12.1% Momentum

Turnaround Potential

421.28

52 Week Low

30.03

EPS

44.27

PE

2.71

PB

Standard
Quality

Bronze
Valuation

#Analysis

NSE: MMFL Share Price Financial Analysis & Valuation

MM Forgings Limited (MMFL) is broadly categorized in INDUSTRIAL MANUFACTURING segment industry which deals in Castings & Forgings vertical. It is one of Small Cap company with Market Capitalization of Rs 1612.1 (in Cr). Total number of free float shares are 2.4 (in Lacs). MM Forgings Limited is listed on NSE with Exchange ID - INE227C01017 and trading code is NSE:MMFL with short name MM Forgings.

In the past 1 year, MM Forgings Limited has declared an equity dividend of Rs 6 per share. At the current share price of MMFL at Rs 458.70, this results in a dividend yield of 1.31 %.

As per the Fundamental Analysis of NSE:MMFL, which uses revenues, earnings, future growth, financial ratios, return on equity, profit margins, and other data to determine MMFL underlying value and future prospects. All of this data is available in MMFL financial statements.

Quality of the Stock: As per the fundamental analysis of NSE:MMFL, it is clearly understood that MMFL is Standard performer in terms of earnings and profit margins with an EPS of 30.03. NSE:MMFL book value per share as of today is 169.08. The current price to book ratio for MMFL as of Nov 23, 2024 is 2.71.

Valuation of the Stock: The current valuation of MMFL stock is like Bronze which means currently the stock is Reasonably Priced. Now, it's totally depends upon the risk appetite of an investor and risk-reward ratio of MMFL whether to BUY this stock at current valuation. The delivery percentage of MMFL is 59.75% is very crucial parameter which shows that 59.75% investors are anticipating that the price of MMFL share should go up with VWAP at 459.19.

Now, the main question is whether to BUY or SELL, NSE:MMFL at current valuation.
As per latest Analysis No. #773:-

⇑ STRONG BUY MMFL if All Greens

⇗ BUY MMFL (at Lower Levels) if any 2 Greens

⇒ NEUTRAL or HOLD MMFL (With Stop Loss) if only 1 Green

⇘ SELL MMFL if NO Green Indicator

NSE: MMFL Share Price Today (Nov 23, 2024)

(MM Forgings Limited Daily Analysis on the basis of MMFL Intraday Graph & Trend)

MM Forgings Limited share price moved Down by -2.03% from its previous close of Rs 468.2. MMFL stock last traded price is 458.70. MMFL share price trend is Down with a total of 21967 stocks traded till now. It has touched an intraday high of Rs 470.95 and an intraday low of Rs 455. The MMFL trading at 458.70, Down by Rs. -9.50, or -2.03 percent which suggests that most of the Traders are anticipating that the price of MMFL share should go Down.

NSE: MMFL Share Price Tomorrow Prediction

(MM Forgings Limited Share Price Prediction for Tomorrow & future forecast is based on Current Trend of MMFL)

MM Forgings Limited share price moved Down by -2.03%. MMFL share price short term trend is Down. It suggests that MMFL Share Price for Tomorrow remains the same with VWAP at 459.19 will be treated as stop loss for intraday traders. MM Forgings Limited Long term investors can follow the MMFL long term trend as mentiond in future forecast table.

NSE Code

NSE: MMFL

MMFL Share Price Today

 458.70

MMFL Share Price Target Prediction for 2024 ^

 441.7 - 611.1

MMFL Share Price Target Prediction for 2025*^

 611.1 - 781.3

MMFL Share Price Target Prediction for 2026*^

 781.3 - 836

MMFL Share Price Target Prediction for 2027*^

 878

MMFL Share Price Target Prediction for 2028*^

 903

MMFL Share Price Target Prediction for 2030*^

 984
MMFL Current Book Value 2023
168.2

*MM Forgings Limited Short Term & Long Term share price target is based on current financial year earings of the company.
^MMFL share price target prediction for 2024 2025 & 2026 to 2030 is based on current market scenario, future forecast & growth assumptions, they might change subject to market sentiments.

MMFL Technical Analysis

Candlestick Pattern: @439.9

MMFL Moving Averages

BUY (0) NEUTRAL (0) SELL (14)
MA Simple Action S1 Expo Action E2
MA_5 453.77 SELL 451.68 SELL
MA_12 474.48 SELL 472.99 SELL
MA_20 487.82 SELL 487.77 SELL
MA_32 522.38 SELL 510.14 SELL
MA_50 542.36 SELL 527.01 SELL
MA_100 569.38 SELL 545.42 SELL
MA_200 543.34 SELL 539.66 SELL

MMFL Trend Oscillators

BUY (1) NEUTRAL (0) SELL (3)
Trend Oscillators Value Action
Bollinger Bands 487.82 Downtrend
MACD -3.14 SELL
ADX 50.52 Very Strong Trend
DMI (+/-) 5.23 / 33.09 Downtrend

MMFL Momentum Oscillators

BUY (0) NEUTRAL (2) SELL (10)
Momentum Oscillators Value Action
RSI 22.85 Oversold
STOCHASTIC_K (Fast) 16 Oversold
STOCHASTIC_D (Slow) 8.36 Oversold
CCI -160.04 SELL
PSAR 471.48 SELL
TRUE RANGE 18.5 SELL
ATR 17.86 SELL
WILLIAMS R -86.89 Oversold
TRIX 0 Neutral
STOCHASTIC RSI K 41.73 Neutral
STOCHASTIC RSI D 13.91 Oversold
MOMENTUM -115.2 SELL

MMFL Last 1 Year Trend

Duration Value
1 Year -2.62%
3 Months -18.01%
1 Month -20.75%
1 Week -8.74%

MMFL Technical Analysis Summary

Updated on 2024-11-14
Action Overall (%)
BUY 3%
NEUTRAL / HOLD 7%
SELL 90%

Most popular Questions & Answers about MMFL


MM Forgings Limited stock last traded price is 458.70. MMFL share price moved Down by -2.03% from its previous close of Rs 468.2.

MM Forgings Limited share price trend is Down with a total of 21967 stocks traded till now. It has touched an intraday high of Rs 737.098 and an intraday low of Rs 455. The MMFL trading at 458.70, Down by Rs. -9.50, or -2.03 percent which suggests that most of the Traders are anticipating that the price of MMFL share should go Down and the Stop Loss will be around 459.19.

The market cap of MM Forgings Limited is ₹1612.1 (in Cr) as of Nov 22, 2024.

The current price to earning ratio for MM Forgings Limited as of Nov 22, 2024 is 44.27.

The current price to book ratio for MM Forgings Limited as of Nov 22, 2024 is 2.71.

The highest price of MM Forgings Limited stock is ₹729.8 in the last 52-week.

The lowest price of MM Forgings Limited stock is ₹421.28 in the last 52-week.

MM Forgings Limited share trading at ₹458.70, Down by Rs. -9.50, or -2.03 percent which suggests that most of the traders are anticipating that the price of MMFL share should go Down.

In 2023, Stock price target for MM Forgings Limited (MMFL) are ₹441.7 on downside and ₹611.1 on upside. MM Forgings Limited share price target is based on current financial year earings of the company.

In 2024, Stock price target for MM Forgings Limited (MMFL) are ₹611.1 on downside and ₹781.3 on upside. MM Forgings Limited share price target is based on forecasted future earnings of the company.

In 2025, Stock price target for MM Forgings Limited (MMFL) are ₹781.3 on downside and ₹836 on upside. MM Forgings Limited share price target is based on Discounted Cash Flow (DCF) method uses the projected future cash flows of the business.

In next five years, Stock price target for MM Forgings Limited (MMFL) will be around ₹903 MM Forgings Limited share price target is based on market scenario & growth assumptions, they might change subject to market sentiments and forecasted future earnings of MMFL.

The price of MM Forgings Limited (MMFL) shares moved by -2.03%. The short-term trend for MMFL share price is Down. It implies that the share price of MMFL will stay the same tomorrow and that intraday traders should treat VWAP at 459.19 as a stop loss. Investors with a long-term outlook can track MMFL long-term trajectory, which is indicated in the future forecast table.

Estimated DCF Value of MMFL stock is 360.1. Compared to the current market price of 458.70 INR, the MMFL stock is Overvalued by 21.5%.

As per the fundamental analysis of MM Forgings Limited (MMFL), it is of Standard quality in terms of earnings and profit margins with an EPS of 30.03. MM Forgings Limited book value per share as of today is 169.08. The current price to book ratio for MMFL as of Nov 23, 2024 is 2.71.


NSE:MMFL News & Other Useful Information about MMFL Share Price


Peer Comparison of NSE: MMFL

The Peers list includes companies operating in the same industry and having comparable market cap.

Sector: Castings & Forgings

Company Price EPS BV
STEELCAS 762.05 30.81 133.21
BHARATFORG 1316.15 30.03 184.04
SGIL 373.80 8.35 59.59
AIAENG 3414.95 116.66 691.77
RKFORGE 963.50 23.53 147.84
JAYNECOIND 39.88 0.26 23.24
ELECTCAST 144.93 13.5 80.75
MMFL 458.70 30.03 169.08
ALICON 1114.60 33.95 319.41
NELCAST 110.81 5.56 59.68
Updated at: 22 Nov 2024 15:50

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