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MRF rises on plan to set up Rs 900 crore manufacturing facility in Telangana

24 Nov 2015 Evaluate

MRF is currently trading at Rs. 39394.40, up by 200.50 points or 0.51% from its previous closing of Rs. 39193.90 on the BSE.

The scrip opened at Rs. 39200.00 and has touched a high and low of Rs. 39417.05 and Rs. 39200.00 respectively. So far 120 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 46405.35 on 05-Aug-2015 and a 52 week low of Rs. 31374.40 on 12-Jun-2015.

Last one week high and low of the scrip stood at Rs. 39888.00 and Rs. 38165.05 respectively. The current market cap of the company is Rs. 16699.92 crore.

The promoters holding in the company stood at 27.37 % while Institutions and Non-Institutions held 19.05 % and 53.58 % respectively.

MRF, country's leading tyre manufacturer, is planning to set up an Rs 900 crore manufacturing facility in Medak district of Telangana. The company has received the formal approval from the State Government to set up the manufacturing facility. The permissions were given as part of the State’s new Industrial Policy TS-iPASS (Telangana State Industrial Project Approval and Self Certification System).

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.

MRF Share Price

139772.66 1020.10 (0.74%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
MRF 139772.66
Apollo Tyres 445.30
CEAT 3713.55
Balkrishna Inds. 2329.80
JK Tyres & Inds. 428.30
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