MMFL Result Update: M M Forgings net profit rises 237.74% & Sales rose 99.58%

[NSEMUMBAIBULL]

Dear Investors/Clients,

Recently we recommended "M M Forgings Ltd" @ Rs. 123.50 and achieved the Target 140 within short period.

Now Read MMFL Result Update:

Net profit of M M Forgings rose 237.74% to Rs 5.37 crore in the quarter ended September 2010 as against Rs 1.59 crore during the previous quarter ended September 2009.

Sales rose 99.58% to Rs 66.22 crore in the quarter ended September 2010 as against Rs 33.18 crore during the previous quarter ended September 2009.

The company's trailing 12-month (TTM) EPS was at Rs 11.87 per share. (Jun, 2010). The stock's price-to-earnings (P/E) ratio was 11.44. The latest book value of the company is Rs 86.03 per share. At current value, the price-to-book value of the company was 1.58. The dividend yield of the company was 1.1%.

All NSEMUMBAIBULL Recommendations are based on some fundamentals and deep study.

 

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Happy Trading & Investing,

NSEMUMBAIBULL,
DALAL STREET,
MUMBAI,
INDIA
Website http://www.nsemumbaibull.com
Our Yahoo Group http://in.groups.yahoo.com/group/NSEMUMBAIBULL
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