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MRF surges on reporting 79% rise in Q2 consolidated net profit

09 Nov 2020 Evaluate

MRF is currently trading at Rs. 69286.35, up by 772.30 points or 1.13% from its previous closing of Rs. 68514.05 on the BSE.

The scrip opened at Rs. 69888.00 and has touched a high and low of Rs. 70008.90 and Rs. 68597.65 respectively. So far 2823 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 73500.00 on 11-Feb-2020 and a 52 week low of Rs. 50000.00 on 24-Mar-2020.

Last one week high and low of the scrip stood at Rs. 70008.90 and Rs. 64837.40 respectively. The current market cap of the company is Rs. 29420.81 crore.

The promoters holding in the company stood at 27.87%, while Institutions and Non-Institutions held 25.62% and 46.50% respectively.

MRF has reported a rise of 82.90% in its net profit at Rs 403.03 crore for the quarter ended September 30, 2020 as compared to net profit of Rs 220.36 crore for the same quarter in the previous year. Total income of the company marginally increased by 4.66% at Rs 4,230.63 crore for Q2FY21 as compared Rs 4,042.37 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported rise of 79.47% in its net profit from continuing operations at Rs 410.92 crore for the quarter ended September 30, 2020 as compared to net profit of Rs 228.96 crore for the same quarter in the previous year. Total income of the company marginally increased by 4.53% at Rs 4,289.08 crore for Q2FY21 as compared Rs 4,103.11 crore for the corresponding quarter previous year.

MRF Share Price

130559.05 578.85 (0.45%)
08-May-2026 16:59 View Price Chart
Peers
Company Name CMP
MRF 130559.05
Apollo Tyres 409.20
CEAT 3325.15
Balkrishna Inds. 2263.25
JK Tyres & Inds. 406.10
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