M M Forgings Ltd Performance
Open
1127.35
Traded Value (Cr)
24.39 L
Prev. Close
1120.1
VWAP
1140.81
Volume
70,209
Face Value
10
M M Forgings Ltd Fundamentals
M M Forgings Ltd Financials
Resistance and Support
₹1,164.95
PIVOT
 Resistance | |
|---|---|
| First Resistance | ₹1,195.000 |
| Second Resistance | ₹1,220.250 |
| Third Resistance | ₹1,250.300 |
 Support | |
|---|---|
| First Resistance | ₹1,139.700 |
| Second Resistance | ₹1,109.650 |
| Third Resistance | ₹1,084.400 |
| RSI | 67.134 |
| MACD | 122.495 |
| ADX | 59.826 |
| CCI | 65.951 |
Delivery and Volume
About M M Forgings Ltd
Incorporated in 1946 Madras Motors Pvt Ltd, the company went public in 1975. Originally dealing in imported motorcycles, it later diversified to establish steel forging plants. The company changed to its present name, M M Forgings on 1 Apr.'93. It was promoted by S E Krishnan and S R Subramanian. The company manufactures carbon and alloy steel forgings -- with individual forging pieces weighing between 15 kg and 60 kg -- at its two forging units at Singampunari, Madurai district, and Viralimalai, Trichy district, (combined capacity : 15,000 tpa) both in Tamilnadu. The company's products form important inputs for various critical components in the automobile, tractor, earth-moving, power, material handling, oil, railway and core engineering industries. The company's clientele includes Ashok Leyland, BEML, BHEL, Audco Valves and Tractor Engineers. During 1994-95, the company has been accredited with the ISO 9002 certificate. The technical collaboration with Tokai Corporation of Japan has enabled the company to improve its quality and productivity. During 2001, the company has increased its installed capacity of steel forgings from 15000 tpa to 20000 tpa. The technology collaboration with Tokai Corporation of Japan has enabled the company to improve its quality and productivity. The company has completed 2 Wind farm in Muppandal and the same is expected to generated 6 Million KWHr of power each year. In 2002 the company has merged its wholly owned subsidiary viz Gears India Madaras Ltd, The production capacity of Steel Forgings is being increased from 20000 tonnes to 26500 tonnes and this is under process at the end of the financial year 2003-04.Machining capacity has also been substantially increased in line with changing customer demand.
Managing Director
Vidyashankar Krishnan
Founded
1946
NSE Symbol
MMFL
M M Forgings Ltd Management
| Name | Designation |
|---|---|
| N Srinivasan | Chairman & Independent Directo |
| V Vaidyanathan | Independent Director |
| Vidyashankar Krishnan | Vice Chairman & M.D. |
| K Venkatramanan | Joint Managing Director |
| A Gopalakrishnan | Independent Director |
| Kavitha Vijay | Independent Director |
| Sumita Vidyashankar | Director |
| Chandrasekar. S | Company Sec. & Compli. Officer |
| Shankar Athreya | Independent Director |
| Hari Sankaran | Independent Director |
M M Forgings Ltd News
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