back to top
HomeSHARE MARKETBonus Shares News: 16 July Record Date Announced; Share Price Only ₹1317

Bonus Shares News: 16 July Record Date Announced; Share Price Only ₹1317

M M Forgings Ltd (NSE: MMFL) Share Price: In the next few days, the shares of M M Forgings Ltd will be traded as ex-bonus stock. The company has released the official date of this issue.

In the information given by the company, it has been said that 1 share will be given as a bonus for 1 share. Only last month, the shares of the company traded ex-dividend. 

Let us tell you, that the shares of the company have seen a rise of more than 2 percent today.

Shares of M M Forgings Ltd opened at the level of Rs 1320 in NSE. But after some time this stock reached the level of Rs 1324.70. This is very close to the company’s 52-week high of Rs 1352 (3 July 2024).

When Will The Company Trade Ex-bonus?

The company has said in the information given to the stock markets that 1 share will be given as a bonus for 1 share.

For this bonus issue, the company has fixed the record date of July 16. Eligible investors whose names will be in the company’s record book on this day will get the benefit of bonus shares.

How Does The Company’s Performance Compare On The Market?

The share prices of M M Forgings Ltd have seen a rise of 31.80 percent in the last 6 months. At the same time, investors holding the stock for one year have gained 42.70 percent so far. 

Let us tell you, the 52-week low level of M M Forgings Ltd is Rs 825. The market capitalization that the business has is around 3162 crore rupees.

This stock was traded as an ex-dividend stock in the stock market just last month. It was traded ex-dividend on 14 June 2024. Then the company gave a dividend of Rs 8 to eligible investors on one share.

M M Forgings Ltd Stock Performance

Current Price₹ 1,338
52-wk High₹ 1,352 
52-wk Low₹ 825
5 Days Return3.60%
1 Month Return9.80%

Key Fundamentals Parameters

Market Cap₹ 3,229 Cr.
Stock P/E22.3
Book Value₹ 338
Dividend0.31 %
ROCE15.1 %
ROE19.2 %
Face Value₹ 10.0
P/B Value3.92
OPM18.9 %
EPS₹ 60.2
Debt₹ 925 Cr.
Debt to Equity1.13

M M Forgings Ltd Shareholding Pattern

Promoters Holding
Mar 202356.33%
June 202356.33%
Sept 202356.33%
Dec 202356.33%
Mar 202456.33%
FII Holding
Mar 20231.65%
Jun 20231.64%
Sep 20231.72%
Dec 20231.93%
Mar 20242.28%
DII Holding
Mar 202317.02%
Jun 202316.59%
Sep 202315.66%
Dec 202314.47%
Mar 202411.83%
Hot Stocks Alert Join
Public Holding
Mar 202325.00%
Jun 202325.44%
Sep 202326.29%
Dec 202327.27%
Mar 202429.56%

M M Forgings Ltd Share: Last 5 Years’ Financial Condition

Last 5 Years’ Sales:

2020₹ 727 Cr
2021₹ 726 Cr
2022₹ 1,105 Cr
2023₹ 1,413 Cr
2024₹ 1,527 Cr

Last 5 Years’ Net Profit:

2020₹ 46 Cr
2021₹ 47 Cr
2022₹ 92 Cr
2023₹ 126 Cr
2024₹ 145 Cr

Conclusion

This article provides a detailed guide about M M Forgings Ltd’s share.

The information and forecasts provided result from the analysis of our research team, the company’s basics and history, experience and various technical analyses. 

Also, we’ve talked in depth about the shares’ prospects and growth possibilities.

If you’re new to our site and want to be updated on the latest market information, you can join us on the Telegram Group(Link below).

If you have additional questions, feel free to leave a comment below. We’ll be more than happy to address all of your questions.

Disclaimer: The information on this site is only for informational and educational purposes and shouldn’t be considered financial advice or stock recommendations. 

BEST FOR YOU

LEAVE A REPLY

Please enter your comment!
Please enter your name here