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MRF surges on plan to increase rubber imports

03 Sep 2012 Evaluate

MRF is currently trading at Rs. 10190.00, up by 122.15 points or 1.21% from its previous closing of Rs. 10067.85 on the BSE.

The scrip opened at Rs. 10141.15 and has touched a high and low of Rs. 10238.85 and Rs. 10100.00 respectively. So far 777 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 11570.00 on 26-Apr-2012 and a 52 week low of Rs. 6330.00 on 18-Nov-2011.

Last one week high and low of the scrip stood at Rs. 10900.00 and Rs. 9571.00 respectively. The current market cap of the company is Rs. 4311.57 crore.

The promoters holding in the company stood at 27.20% while Institutions and Non-Institutions held 15.07% and 57.73% respectively.

MRF, country’s largest tyre manufacturer is likely to increase imports due to rubber shortage in the country. At present the company consumes 14,000 tonnes of rubber every month, bulk of this comes from Kerala and 40% is sourced from South-East Asian countries such as Thailand and Malaysia. The company is also looking for acquisition of tyre companies, manufacturing plants and plantations in South East Asia and Europe to tide over the shortage.

MRF (Madras Rubber Factory) is India’s No.1 tyre manufacturing company. Currently, the company exports tyres to over 65 countries including America, Europe, Middle East, Japan, and the Pacific region.

MRF Share Price

139281.55 0.00 (0.00%)
20-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
MRF 139281.55
Apollo Tyres 441.50
CEAT 3796.75
Balkrishna Inds. 2284.55
JK Tyres & Inds. 419.15
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