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MRF Ltd Share Price


CMP as on 24-Apr-24 12:00
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icon -702.25 | -0.54%

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MRF Limited Reports 352% Surge in Q2 Net Profit, Revenue Jumps 6.7%

Q2FY24 witnessed a 6.70 % year-on-year increase in revenue from operations, with the figure standing at Rs 6,217.10 crore, up from Rs 5,826.30 crore.

  • 03 Nov, 2023 |
  • 1:33 PM
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The Supreme Court requests CCI's response to MRF's petition

The CCI had ordered the tire companies to pay fines totaling more than Rs 1,788 crore in August 2018 and to stop engaging in unfair commercial practices.

  • 26 Sep, 2023 |
  • 12:18 PM
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Q1FY24 Review: MRF: Underperformance vs peers has paused

Recommendation: Reduce; target price: Rs 100700

  • 04 Aug, 2023 |
  • 1:24 PM
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MRF Creates History on Dalal Street; Share Hits Rs 1 Lakh Mark

The stock had briefly touched the Rs 1 lakh mark in May, albeit in the futures segment.

  • 13 Jun, 2023 |
  • 10:26 AM
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Tyre sector margins to peak in June quarter: IIFL Securities

Tyre industry has not been a high volume growth story. Long-term volume growth has only been about 6% and revenue CAGR slightly higher than volumes.

  • 11 May, 2023 |
  • 10:52 AM
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Q4FY23 Review: MRF: Margin recovery stronger than expected

Recommendation: Reduce; Target price: Rs. 92,600

  • 04 May, 2023 |
  • 10:57 AM
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Tyre sector outlook improving; MRF underperforms: IIFL Securities

Ceat and MRF reported similar trend in Q2FY23 from a revenue growth perspective, but showed contrasting picture in margins.

  • 09 Nov, 2022 |
  • 12:00 PM
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Structural changes in tyre companies under-appreciated by the street: IIFL Securities

The industry is demonstrating good pricing discipline. Unless input costs rise from current levels, analysts at IIFL Securities expect margin to improve from Q3FY23. They have downgrade MRF from Add to Reduce, as the deterioration in its relative positioning versus peers, is yet to reflect in valuations. Their preferred pick is Apollo.

  • 01 Sep, 2022 |
  • 7:30 AM
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MRF, Apollo Tyres, JK Tyre, CEAT stocks under pressure after CCI imposes a penalty for indulging in ...

CCI has imposed a penalty on five major tyre manufacturers. Apart from these four, the last company is Birla Tyres.

  • 03 Feb, 2022 |
  • 2:55 PM
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CCI imposes penalty on Apollo Tyres, MRF, CEAT, JK Tyre and Birla Tyres for indulging in cartelisati...

CCI held the five tyre manufacturers and ATMA guilty of contravention of the provisions of Section 3 of the Act, which prohibits anti-competitive agreements including cartels, during 2011-2012.

  • 03 Feb, 2022 |
  • 1:16 PM