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Moneycontrol.com >> Message Board >> View Messages >> MM Forgings
   You are here :     Moneycontrol     MMB    Stocks      MM Forgings                         Most active discussions of 2006 , 2007 & 2008
1:1 BONUS DECLARED BY MM FORGINGS (1)   25-Jul-08 20:48Tracked by (0)  
Posted by:   emranga on ( 25-Jul-08 20:48 )
Price : BSE: Rs 174.30 ( 18.45 % ), NSE: Rs. 176.60 ( 16.41 % )
I have posted two message in current month on MM Forgings. On 4th July in my message I wrote on high profitability and growth prospects and possibility of Bonus shares. Again on 23rd July I indicated EPS of Rs.30 to Rs.35 and immediate bonus issue from MM Forgings. TODAY, 25TH JULY ALL THE ABOVE EXPECTATIONS REALISED. MM FORGINGS BOARD TODAY DECLARED 1:1 BONUS AND EPS OF MORE THAN Rs.32 based on 1st Qr working results. Sales increased by more than 24% and Net Profit increased by more than 32% and based on this trend current year EPS may be more than Rs.35.

Share price jumped by 18% (Rs.27) today and ended at Rs.176.60 on NSE. THE SHARE PRICE IS LIKELY TO TOUCH Rs.300 next week. STRONGLY RECOMMENDED FOR GREAT RETURNS NOW.

This LIBERAL BONUS IS ISSUE IS SECOND IS REPETITION OF ITS EARLIER 1:1 BONUS IN LESS THAN 4 YEARS. MORE BONUS ISSUES ARE POSSIBLE. A BLUE CHIP TO HAVE IN PORTFOLIO PERMANENTLY.

I am re-producing my earlier two message for ready reference:

Ist Message:
Posted by: emranga on ( 04-Jul-08 13:11 )

Price : BSE: Rs 135.00 ( -1.10 % ), NSE: Rs. 132.25 ( -1.16 % )

""MM Forgings is in most advantageous position and is all set to create new records in profits and dividends. An early BONUS is also possible in current year or next year. The dividend is likely to go up from 50% to 60% by the time of BONUs. Shares availbe at low level due to general weak sentiment in markets. Time to accumulate. ""

2nd Message:
Posted by: emranga on ( 23-Jul-08 11:25 )

Price : BSE: Rs 147.75 ( 3.65 % ), NSE: Rs. 140.55 ( 0.00 % )

""Based on high growth prospects ahead, MM Forgings hiked Dividend from 30% to 50%. EPS to be up from 26 to Rs.30/Rs.35 during current year. Share Price at Rs.145 is very very attractive. Bonus is round the corner. Excellent BUY. ""

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