Meanwhile, the BSE Sensex was down 44.40 points, or 0.28% to 15,963.94.
On BSE, 2,703 shares were traded in the counter as against average daily volume of 2,459 shares in the past one quarter.
The stock hit a high of Rs 7,054.40 and a low of Rs 6,840 so far during the day. The stock had hit a 52-week low of Rs 5,332 on 10 February 2011. The stock had hit a 52-week high of Rs 8,270 on 2 December 2010.
The stock has risen 1.4% in two trading sessions from Rs 6,866.20 on Monday, 28 November 2011, triggered by strong Q4 earnings. The company declared the results at the fag end of trading hours on Tuesday, 29 November 2011.
The mid-cap stock had outperformed the market over the past one month till 29 November 2011, rising 2.4% compared with the Sensex's 10.09% fall. The stock had also outperformed the market in past one quarter, rising 7.96% as against Sensex's decline of 2.49%.
The company has an equity capital of Rs 4.24 crore. Face value per share is Rs 10.
MRF's net profit galloped 412.5% to Rs 395.44 crore on 24.2% rise in net sales to Rs 2617.55 crore in Q4 September 2011 over Q4 September 2010.
On a consolidated basis, net profit jumped 73.1% to Rs 618.77 crore on 30.6% rise in net sales to Rs 9743.98 crore for the year ended 30 September 2011 over the year ended 30 September 2010.
MRF's board has recommended a final dividend of Rs 19 per share which along with the 2 interim dividends of Rs 3 per each already paid works out to Rs 25 per equity share of Rs 10 (i.e. 250%) for the year ended 30 September 2011, the company said in a statement.
MRF manufactures the largest range of tyres in India and exports to over 65 countries worldwide.