MRF fell 4.06% to Rs 47,593.80 at 14:18 IST on BSE after net profit fell 14.36% to Rs 385.29 crore on 0.62% increase in total income to Rs 3736.70 crore in Q2 September 2016 over Q2 September 2015.
The result was announced during trading hours today, 27 October 2016.Meanwhile, the BSE Sensex was down 33.73 points, or 0.12%, to 27,802.78.
On BSE, so far 3,591 shares were traded in the counter, compared with average daily volume of 2,421 shares in the past one quarter. The stock hit a high of Rs 50,020 and a low of Rs 46,935 so far during the day. The stock hit a record high of Rs 54,600.65 on 6 October 2016. The stock hit a 52-week low of Rs 30,464.25 on 24 June 2016. The stock had outperformed the market over the past 30 days till 26 October 2016, rising 6.45% compared with 1.37% decline in the Sensex. The scrip had also outperformed the market in past one quarter, rising 45.27% as against Sensex's 1.32% decline.
The large-cap company has equity capital of Rs 4.24 crore. Face value per share is Rs 10.
MRF manufactures the largest range of tyres in India and exports to various countries worldwide.
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