MRF is currently trading at Rs. 39567.70, up by 119.85 points or 0.30% from its previous closing of Rs. 39447.85 on the BSE.
The scrip opened at Rs. 39799.00 and has touched a high and low of Rs. 39966.30 and Rs. 39403.60 respectively. So far 2282 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 39940.00 on 19-Jan-2015 and a 52 week low of Rs. 18639.00 on 28-Jan-2014.
Last one week high and low of the scrip stood at Rs. 39940.00 and Rs. 37950.00 respectively. The current market cap of the company is Rs. 16763.12 crore.
The promoters holding in the company stood at 27.22 % while Institutions and Non-Institutions held 18.12 % and 54.65 % respectively.
Madras Rubber Factory (MRF) is reportedly in advance discussion with BK Birla flagship Kesoram Industries to buy its main tyre unit out of the two of Birla Tyres. The deal will consolidate MRF’s manufacturing presence in the north Indian market. It will also help the MRF to expand its commercial vehicles tyre segment.
Kesoram has a debt burden of Rs 4425 crore at the end of the September 2014 quarter as per its balance sheet. The company would be able to deleverage its debt after selling its unit in Laksar, Uttrakhand.
MRF is India’s No.1 tyre manufacturing company with a turnover of Rs 14,000 crore. Currently, the company exports tyres to over 80 countries including America, Europe, Middle East, Japan, and the Pacific region. The overseas market contributes to 10-12% of the company's turnover at present.
| Company Name | CMP |
|---|---|
| MRF | 139772.66 |
| Apollo Tyres | 445.30 |
| CEAT | 3713.55 |
| Balkrishna Inds. | 2329.80 |
| JK Tyres & Inds. | 428.30 |
| View more.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: