MM Forgings jumped by its daily limit of 20 per cent to a record high of Rs 283.65 after the company posted highest ever quarterly revenue and profit in April-June.
Improvement in export volumes and currency depreciation are the main reasons for growth, analysts say.
MM Forging trades at 8.8 times 12-month forward earnings, vs rival Bharat Forge's 23.7 times.
Copyright : Thomson Reuters 2014
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