MM Forgings Ltd

Stage 2 · Advancing · week 40Setup 3.8 WatchWeak -4.8

As of 16 Oct 2026, MM Forgings is in Stage 2 — advancing, the uptrend phase, in week 40 (since 7 Jan 2026). It closed at ₹528, 22.3% below its 52-week high and above its 200-day average, which is rising. In Materials, 33.6% of stocks are in Stage 2.

M M Forgings Limited, together with its subsidiaries, manufactures and sells steel forgings in India. More about the company

₹528.3
+0.66% today
₹2,550 Cr · Small cap
Market Neutral — FadingMaterials 33.6% in Stage 2-2.9 pts / 20dIron & Steel 36.7%+1.3 pts

Pro read

Pro

Our read

In Stage 2, but it has already run

Setup score

3.8 Watch

Momentum

Steady

Edge

Weak -4.8

Setup-score rank among Stage 2 peers: #23 of 29 in Iron & Steel · #125 of 153 in Materials

Is MMFL early, or has it already run? Pro answers that for every NSE stock, after every close.

₹2,999 · 12 months₹1,999 · 6 months
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vs 52W High
-22.3%
₹298.1 lo₹680.2 hi
22.3% below 52W high — deeper pullback
How far this stock is from its 52-week high. A pullback of 3–20% while Stage 2 structure holds is typically a better entry than chasing near the high.
Stage Maturity
Week 40
1w13w26w
Week 40 — mature, watch for distribution
How long this stock has been in Stage 2. The sweet spot is mid-run — enough time to prove the structure holds, not so long it's extended. Very fresh (wk 1–4) often needs more time to confirm.
vs 200 DMA
6.6%
200 DMA: ₹495.6 · rising
Long-term trend anchor. When stock and Nifty are both above their 200 DMA, the macro backdrop supports continuation.
Rel Volume
0.14x
vs 50-day avg
Low vol (0.5–1x) on pullbacks = resting, not being sold. High vol on breakouts = commitment. Volume spike on down days is a warning sign.
Trend Health
↓
MA20 rolling over · -5.7% vs MA50 +2.7%
Two-layer momentum read: the glyph shows whether the 20-day MA is rising (↑/↗), flat (→), or rolling over (↓). The ⇈ flag fires when the 20-day MA is pulling away from the 50-day MA — short-term momentum building on top of the longer trend. Best when both glyphs agree.
1M
-13.0%
3M
+0.1%
6M
+14.8%
YTD
+45.0%
1Y
+72.2%
Sector
Materials
↓ Peaking
Stage 2%
33.6%
20d Δ
-2.9pp
1M return
-1.6%
3M return
-2.6%
Sector Stage-2 % · last 20 days
This stock ranks #30 of 151 Stage 2 stocks in Materials by RS.
Industry
Iron & Steel
↑ Building
Stage 2%
36.7%
20d Δ
+1.3pp
1M return
-0.1%
3M return
+2.9%
Industry Stage-2 % · last 20 days
Ranks #7 of 28 Stage 2 stocks in this industry.
Stage Cycle Timeline2023-07-20 → 2026-10-16
S2 17w
S4 28w
S4 17w
S2 40w
2023-07-202026-10-16
S1S2S3S4Setup score (0–10, dashed line at 5)
S2 10w → S3 8w → S4 4w → S2 12w → S3 2w → S4 4w → S2 17w → S3 11w → S4 28w → S1 9w → S4 17w → S1 4w → S2 40w current
Total tracked: 168 weeks across 13 stage runs.
Scan Membership
Prop Scan
Latest: 2026-09-29
Pullback Hunter
Latest: 2026-09-10
60 appearances in last 60 days. First seen: 2026-08-04.
Stocks that stay in the scan for 13+ weeks are in the highest observed-return cohort — they keep qualifying because the structure remains intact, not by luck. Persistence in the scan is itself a quality signal.
Recent Stage Timeline
2026-10-16S2
Wk 40 · Vol 0.14x
2026-10-15S2
Wk 40 · Vol 0.50x
2026-10-14S2
Wk 40 · Vol 0.44x
2026-10-13S2
Wk 39 · Vol 0.26x
2026-10-12S2
Wk 39 · Vol 0.39x
2026-10-09S2
Wk 39 · Vol 0.30x
2026-10-08S2
Wk 39 · Vol 0.55x
2026-10-07S2
Wk 39 · Vol 0.23x
2026-10-06S2
Wk 38 · Vol 0.51x
2026-10-05S2
Wk 38 · Vol 0.68x
2026-10-01S2
Wk 38 · Vol 1.20x
2026-09-30S2
Wk 38 · Vol 0.39x
Sector Peers — Stage 2All →
OCCLLTD
wk 17 · -16.3% from hi
9.0
MUKANDLTD
wk 21 · -7.5% from hi
8.9
SUNFLAG
wk 3 · -9.3% from hi
8.8
CUBEXTUB
wk 2 · 0.0% from hi
8.7
NRL
wk 17 · 0.0% from hi
8.6
Moving averages & range
50 DMA
₹611.4
200 DMA
₹495.6
52W High
₹680.2
52W Low
₹298.1
5D Low
₹524.8
Resistance levels (recent highs)
20d High
₹628.6
60d High
₹680.2
120d High
₹680.2
250d High
₹680.2
Next resistance
+19.0%
to 20d High
Ask the Market AI about MMFLAsk →
P/E (TTM)
25.7
Forward 15.7
Earnings Growth (YoY)
-33.8%
Revenue +10.6%
Dividend Yield
0.85%
P/B 2.4
About this companyMaterials· Iron & Steel

M M Forgings Limited, together with its subsidiaries, manufactures and sells steel forgings in India. The company offers sprocket, flange housing, connecting rod, rail forging, hub, knuckle, front axle beam, universal joint cross, steering and pivot arm, planetary wheel carrier, upper arm shaft, shifter fork, and rear axle spindle. It also provides yoke shaft, double yoke, crankshaft, link, yoke, fit yoke, lever, and high pressure valves body and bonnet. The company's products are used for passenger cars, commercial vehicles, off highway vehicles, value/oilfield, agriculture, and engineering components. The company was formerly known as The Madras Motors Ltd and changed its name to M M Forgings Limited in 1993. M M Forgings Limited was founded in 1945 and is based in Chennai, India.

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All analytics based on EOD data. Data as of 2026-10-16. Past data patterns are not indicative of future results. This page is a data analytics tool only.