MRF Ltd News

MRF shares drop: Take U-turn after reporting 20% fall in net profits for Q2

After opening in the green territory and gaining 0.40 per cent on Wednesday morning, the shares of tyre manufacturing giant MRF dropped 2.85 per cent at Rs 1,17,500 per share on the BSE

5 stocks to buy and sell as crude oil prices drop to $70 a barrel

Here's a technical outlook on stocks linked to crude oil prices, which is down 23% from its peak and trades near 3-year lows. Among stocks, Asian Paints and MRF look favourable on charts; here's why.

Can MRF share price fall 31% from here? What analysts say after Q1 results

MRF share price: MRF stock is trading higher relative to its historical average

MRF Q1 results: Net profit dips to Rs 571 cr, total income at Rs 7,280 cr

Tyre maker MRF on Thursday said its consolidated net profit declined by 3 per cent year-on-year to Rs 571 crore for the first quarter ended June 30, 2024. The company had reported a net profit of Rs 589 crore in the April-June quarter of last fiscal. Total income increased to Rs 7,280 crore for the period under review as against Rs 6,515 crore in the June quarter of FY24, MRF Ltd said in a regulatory filing. Shares of the company were trading 4.80 per cent higher at Rs 1,41,130 apiece on the BSE.

MRF stock price soars 6% after Q1FY25 profit jumps 55% QoQ

The jump in the stock price came after the company's profit zoomed 54.8 per cent quarter-on-quarter (Q-o-Q) to Rs 573.4 crore in the June quarter of FY24, from Rs 370.5 crore in Q4FY24.

Amid price hike reports, shares of tyre companies rally for second day

According to media reports, domestic tyre companies have undertaken a price hike in response to a rise in key raw material prices (primarily natural rubber).

Tyre stocks in focus; JK Tyre, Ceat, TVS, Goodyear rally up to 12%

Balkrishna Industries said in its FY24 annual report said that there has been a notable increase in demand for vehicles globally, which provide growth opportunities for tire industry.