BQ Blue's special research section collates quality and in-depth equity and economy research reports from across India's top brokerages, asset managers and research agencies. These reports offer BloombergQuint's subscribers an opportunity to expand their understanding of companies, sectors and the economy.
IDBI Capital Report
MM Forgings Ltd.'s Q1 FY22 result was ahead of our estimates on all parameters.
Ebitda margin stood at 18.1% versus our estimates of 16.7% due to lower operating cost.
We expect exports to be robust for MM Forging on the back of strong North America and Europe growth outlook.
Domestic commercial vehicle market is expected to show strong recovery from multiyear low base on the back of picking up of economic activities like mining, logistics, infrastructure construction.
With easing of lockdown, the fleet utilisation is expected to grow along with better freight which will boost the demand for vehicles.
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