Who wrote this article?

Aakash Agarwal, Capitalmind's research team.

Swiss Finance Corporation reduces stake in MM Forgings by over 60%

18 Jul 2016Aakash Agarwal1 min read

Quick Facts

What is "Swiss Finance Corporation reduces stake in MM Forgings by over 60%" about?
What category is this article in?: Stocks
Who wrote this article?: Aakash Agarwal, Capitalmind's research team.
When was this article published?: Published 18 July 2016.
How long does this article take to read?: 1 min read
What topics does this article cover?: Swiss Finance Corporation
What does the "Disclaimer" section say?: Nothing in this newsletter is financial advice and should not be construed as such. Please do not take trading decisions based solely on the matter above; if you do, it is entirely at your own risk without any liability to Capital Mind. This is educational or informational matter only, and is provided as an opinion.

MM Forgings operates in the Engineering sector with key products or revenue segments being Steel Forgings and Power Generation. The company also has expertise in forging wide variety of components. It manufactures steel forgings in raw, semi-machined and fully machined stages in various grades of Carbon, Alloy, Micro-Alloy and Stainless Steels catering to the forging requirements of almost all sections of industry.

MM Forgings Sales Breakup 31 March 2016

Swiss Finance Corporation (Mauritius) sold 2/3 of its holding in the company at an avg. price of Rs. 410/- per share. For the period ended 30 June, 2016 the holding stood at 275,416 shares or 2.28% of which 183,256 shares or 1.52% was sold between the National and Bombay Stock Exchange. Swiss Finance Corporation (Mauritius) Limited operates as a subsidiary of UBS AG.

The stock is also held by Big Whale Anil Kumar Goel i.e. 175,000 shares or 1.45%.

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Disclaimer

Nothing in this newsletter is financial advice and should not be construed as such. Please do not take trading decisions based solely on the matter above; if you do, it is entirely at your own risk without any liability to Capital Mind. This is educational or informational matter only, and is provided as an opinion.

Disclosure: The authors at Capital Mind have positions in the market and some of them may support or contradict the material given above, or may involve a direction derived from independent analysis.