MMFL · Materials · 2026-08-21

MM Forgings Ltd

8.0★★★ PrimeSolid +2.0Stage 2 · wk 32In scan: Prop Scan · Pullback HunterMARKET: BULL RISING · 2026-08-21
₹652.6
+2.14% today
₹3,151 Cr · Small cap
About this companyMaterials· Iron & Steel
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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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P/E (TTM)
25.7
Forward 15.7
Earnings Growth (YoY)
-33.8%
Revenue +10.6%
Dividend Yield
0.85%
P/B 2.4
vs 52W High
-4.1%
₹298.1 lo₹680.2 hi
4.1% below 52W high — pullback range
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 32
1w13w26w
Week 32 — mature, watch for distribution
How long this stock has been in Stage 2. The sweet spot is typically 13–26 weeks — 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
46.8%
200 DMA: ₹444.5 · rising
Long-term trend anchor. When stock and Nifty are both above their 200 DMA, the macro backdrop supports continuation.
Rel Volume
0.90x
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 trending up · +9.7% vs MA50 +12.8%
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.
Sector
Materials
↑ Building
Stage 2%
39.3%
20d Δ
+8.0pp
1M return
+2.7%
3M return
+1.4%
Sector Stage-2 % · last 20 days
This stock ranks #10 of 158 Stage 2 stocks in Materials by RS. Leading the sector.
Industry
Iron & Steel
↓ Peaking
Stage 2%
39.4%
20d Δ
-2.0pp
1M return
+3.8%
3M return
+2.0%
Industry Stage-2 % · last 20 days
Ranks #5 of 28 Stage 2 stocks in this industry. Top tier.
Price + Volume Chart
Loading price chart…
Stage Cycle Timeline2023-05-29 → 2026-08-21
S2 17w
S2 17w
S4 28w
S4 17w
S2 32w
2023-05-292026-08-21
S1S2S3S4Setup score (0–10, dashed line at 5)
S2 17w → S3 8w → S4 4w → S2 12w → S3 2w → S4 4w → S2 17w → S3 11w → S4 28w → S1 9w → S4 17w → S1 4w → S2 32w current
Total tracked: 168 weeks across 13 stage runs.
1M
+19.1%
3M
+43.6%
6M
+47.0%
YTD
+83.8%
1Y
+118.4%
Scan Membership
Prop Scan
Latest: 2026-08-21
Pullback Hunter
Latest: 2026-08-21
60 appearances in last 60 days. First seen: 2026-05-05.
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
2026-08-21S2
Wk 32 · Vol —x
2026-08-20S2
Wk 32 · Vol —x
2026-08-19S2
Wk 31 · Vol —x
2026-08-18S2
Wk 31 · Vol —x
2026-08-17S2
Wk 31 · Vol —x
2026-08-14S2
Wk 31 · Vol —x
2026-08-13S2
Wk 31 · Vol —x
2026-08-12S2
Wk 30 · Vol —x
2026-08-11S2
Wk 30 · Vol —x
2026-08-10S2
Wk 30 · Vol —x
2026-08-07S2
Wk 30 · Vol —x
2026-08-06S2
Wk 30 · Vol —x
Sector Peers — Stage 2All →
COMSYN
wk 10 · -1.2% from hi
9.6
GULFPETRO
wk 9 · -0.5% from hi
9.6
MMP
wk 11 · -1.1% from hi
9.4
SIGIND
wk 2 · -1.4% from hi
9.2
SBCL
wk 15 · -10.1% from hi
9.0
Moving averages & range
50 DMA
₹538
200 DMA
₹444.5
52W High
₹680.2
52W Low
₹298.1
5D Low
₹632.3
Resistance levels (recent highs)
20d High
₹680.2
60d High
₹680.2
120d High
₹680.2
250d High
₹680.2
Next resistance
+4.2%
to 20d High

All analytics based on EOD data. Data as of 2026-08-21. Past data patterns are not indicative of future results. This page is a data analytics tool only.