Current price is less than the intrinsic value

Intrinsic Value

Stock has been generating better return on equity than bank FD

Returns vs FD rates

Dividend Returns

Good time to consider, as stock is not in overbought zone

Entry Point

Stock not in ASM/GSM lists and not a lot of promoter holding is pledged

No Red Flags

MM Forgings posted a good set of numbers in the second quarter with an 80% growth in the revenue on a low base. Vidyashankar Krishnan, the Vice Chairman and Managing Director of the company, gives us a fine print of their earnings and outlook for next year.

#CNBCTV18 #BusinessNews #ShareMarketToday #Nifty #Sensex #VidyashankarKrishnan #MMForgings

CNBC-TV18 is India's No.1 Business medium and the undisputed leader in business news. The channel's benchmark coverage extends from corporate news, financial markets coverage, expert perspective on investing and management to industry verticals and beyond. CNBC-TV18 has been constantly innovating with new genres of programming that helps make business more relevant to different constituencies across India. India's most able business audience consumes CNBC-TV18 for their information & investing needs. This audience is highly diversified at one level comprising of key groups such as business leaders, professionals, retail investors, brokers and traders, intermediaries, self-employed professionals, High Net Worth individuals, students and even homemakers but shares a distinct commonality in terms of their spirit of enterprise.

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Vidyashankar Krishnan Shares Q2FY22 Earnings Fine Print Of MM Forgings | Chartbusters | CNBC-TV18

MM Forgings Consolidated September 2021 Net Sales At Rs 273.16 Crore, Up 70.21% Y-o-Y

CD Equisearch recommended hold rating on MM Forgings with a target price of Rs 936 in its research report dated October 28, 2021.

Hold MM Forgings; Target Of Rs 936: CD Equisearch

Vidyashankar Krishnan, the Vice Chairman and Managing Director of MM Forgings, joins in to discuss their new acquisition and business outlook. The company has acquired CAFOMA, which plans to reach 60,000 crankshafts per month, for ₹28 crore cash and ₹5 crore debt.

#CNBCTV18 #BusinessNews #ShareMarketToday #Nifty #Sensex #VidyashankarKrishnan #MMForgings

CNBC-TV18 is India's No.1 Business medium and the undisputed leader in business news. The channel's benchmark coverage extends from corporate news, financial markets coverage, expert perspective on investing and management to industry verticals and beyond. CNBC-TV18 has been constantly innovating with new genres of programming that helps make business more relevant to different constituencies across India. India's most able business audience consumes CNBC-TV18 for their information & investing needs. This audience is highly diversified at one level comprising of key groups such as business leaders, professionals, retail investors, brokers and traders, intermediaries, self-employed professionals, High Net Worth individuals, students and even homemakers but shares a distinct commonality in terms of their spirit of enterprise.

For latest news and updates visit our Website: https://bit.ly/2YbpXBM
Subscribe to our Channel: https://www.youtube.com/user/CNBCTV18
Like us on Facebook: https://www.facebook.com/cnbctv18india/
Follow us on Twitter: https://twitter.com/CNBCTV18News

VC & MD Vidyashankar Krishnan Speaks On MM Forgings Buying CAFOMA | Chartbusters | CNBC-TV18

MMF expects to unlock synergies by supplying forged crankshafts to CAFOMA.

MM Forgings buys CAFOMA to reach 60,000 machined crankshafts per month; Stock ends 4% up

MMFL expects this acquisition to add about ₹100 crore plus of turnover with the development of new parts and markets

MM Forgings acquires CAFOMA Autoparts

MM Forgings acquires CAFOMA Autoparts for Rs 33 cr

Auto components maker MM Forgings Ltd (MMF) on Saturday said it has acquired one of the large independent suppliers of machined crankshafts CAFOMA Autoparts

MM Forgings acquires crankshaft supplier CAFOMA Autoparts for Rs 33 crore

MM Forgings Ltd. has fully acquired city-based Cafoma Autoparts Pvt. Ltd. for ₹33 crore, including subordinated debt of ₹5 crore. The target company, which is now a wholly owned subsidiary of MMFL, is

MM Forgings acquires Cafoma Autoparts for ₹33 crore

ICICI Direct is bullish on MM Forgings recommended buy rating on the stock with a target price of Rs 925 in its research report dated August 23, 2021.

Buy MM Forgings; Target Of Rs 925: ICICI Direct

MM Forgings Limited is engaged in manufacturing steel forging. The Company is a manufacturer of automotive components.

MM Forgings Ltd

MM Forgings Ltd

Intrinsic Value
Intrinsic value is the calculated value of the company and may differ from current stock price. If intrinsic value > current price, price increase is expected in the future to reduce the gap and vice-versa

Returns vs FD rates
Fixed Deposit rate is a virtually risk-free rate where the investor assumes almost no risk on their investment. If stock's return on equity is lower than this rate, investors are better off investing the amount in a FD

Dividend Returns
A dividend is the distribution of reward from a portion of company's earnings and is paid to its shareholders. Good dividend returns indicate good health and outlook for the company

Entry Point
High demand for a stock increases its price. If the price is pushed up to a level which is not justified, then it's considered to be in the overbought zone, which is not a good time to buy the stock

News & Opinions

News Video

Vidyashankar Krishnan Shares Q2FY22 Earnings Fine Print Of MM Forgings | Chartbusters | CNBC-TV18

MM Forgings Consolidated September 2021 Net Sales At Rs 273.16 Crore, Up 70.21% Y-o-Y

MM Forgings Consolidated September 2021 Net Sales At Rs 273.16 Crore, Up 70.21% Y-o-Y

Hold MM Forgings; Target Of Rs 936: CD Equisearch

News Video

VC & MD Vidyashankar Krishnan Speaks On MM Forgings Buying CAFOMA | Chartbusters | CNBC-TV18

MM Forgings buys CAFOMA to reach 60,000 machined crankshafts per month; Stock ends 4% up

MM Forgings acquires CAFOMA Autoparts

MM Forgings acquires CAFOMA Autoparts for Rs 33 cr

MM Forgings Ltd

Intrinsic ValueIntrinsic value is the calculated value of the company and may differ from current stock price. If intrinsic value > current price, price increase is expected in the future to reduce the gap and vice-versa

Returns vs FD ratesFixed Deposit rate is a virtually risk-free rate where the investor assumes almost no risk on their investment. If stock's return on equity is lower than this rate, investors are better off investing the amount in a FD

Dividend ReturnsA dividend is the distribution of reward from a portion of company's earnings and is paid to its shareholders. Good dividend returns indicate good health and outlook for the company

Entry PointHigh demand for a stock increases its price. If the price is pushed up to a level which is not justified, then it's considered to be in the overbought zone, which is not a good time to buy the stock

News & Opinions

News Video

Vidyashankar Krishnan Shares Q2FY22 Earnings Fine Print Of MM Forgings | Chartbusters | CNBC-TV18

MM Forgings Consolidated September 2021 Net Sales At Rs 273.16 Crore, Up 70.21% Y-o-Y

MM Forgings Consolidated September 2021 Net Sales At Rs 273.16 Crore, Up 70.21% Y-o-Y

Hold MM Forgings; Target Of Rs 936: CD Equisearch

News Video

VC & MD Vidyashankar Krishnan Speaks On MM Forgings Buying CAFOMA | Chartbusters | CNBC-TV18

MM Forgings buys CAFOMA to reach 60,000 machined crankshafts per month; Stock ends 4% up

MM Forgings acquires CAFOMA Autoparts

MM Forgings acquires CAFOMA Autoparts for Rs 33 cr

Intrinsic Value
Intrinsic value is the calculated value of the company and may differ from current stock price. If intrinsic value > current price, price increase is expected in the future to reduce the gap and vice-versa

Returns vs FD rates
Fixed Deposit rate is a virtually risk-free rate where the investor assumes almost no risk on their investment. If stock's return on equity is lower than this rate, investors are better off investing the amount in a FD

Dividend Returns
A dividend is the distribution of reward from a portion of company's earnings and is paid to its shareholders. Good dividend returns indicate good health and outlook for the company

Entry Point
High demand for a stock increases its price. If the price is pushed up to a level which is not justified, then it's considered to be in the overbought zone, which is not a good time to buy the stock