In this edition of ‘Midcap Microscope’, CNBC-TV18’s Nigel D’Souza has his eye on a company that is an interesting play on the commercial vehicle cycle.
MM Forgings is under the microscope; the stock has run up in the last few months, but is still 40 percent off its peak seen in 2018, and around 10 percent away from its peak in 2020.
The company is a play on the recovery in the commercial vehicles space, and has the potential to double its revenues in comparison to what we saw in FY20 without much capex. Also, the company has been gradually reducing the debt on its balance sheet.
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