Recent Price Performance and Market Context
MM Forgings has demonstrated a strong short-term rally, gaining 3.46% over the past week compared to a modest 0.20% increase in the Sensex. Over the last month, the stock surged by 20.58%, significantly outperforming the benchmark, which declined by 0.46% during the same period. This recent momentum contrasts with the stock’s longer-term performance, where it has lagged behind the market, posting a 31.33% loss over the past year against the Sensex’s 4.80% gain.
On 17-Dec, the stock outperformed its sector by 3.06%, continuing a two-day consecutive gain that has yielded a 4.11% return. Intraday, MM Forgings touched a high of ₹385.10, marking a 5.87% increase from previous levels. The stock is trading above all key moving avera...
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