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Mehraboon Irani of Nirmal Bang Securities told CNBC-TV18, " MRF has been a consistent buy from our side from around Rs 8,000 level. Even at the present level we feel that MRF controls around 75 percent of the replacement market.
The MRF Challenge 2013 season will kick-start this weekend with the first round being held at the Buddh International Circuit (BIC) in Greater Noida.
The MRF stock has been one of the best performing stocks in the domestic tyre industry with manifold returns over the past five years. At its current market price of Rs 14,802.55, this 10-face value stock has clocked absolute returns of 480% over the past five years and about 44.5% in the past one year...
MRF Ltd announced on Thursday that the company’s Board of Directors will meet on October 24, 2013. The agenda of the meet would be to consider the declaration of second interim dividend for the year ended September 30, 2013.
The MRF tie-up is one of the topics discussed at the last meeting of the National Cricket Academy which will be tabled before the Working Committee of the BCCI when it meets in Kolkata on Sunday.
Tyre producer MRF's net profit rose by 40.4 percent year-on-year to Rs 210.6 crore in the second quarter of financial year 2012-13, sending shares 4 percent higher.
MRF's standalone income stood at Rs 3,051.46 crore in the April-June quarter, compared with Rs 3,008.27 crore in the same period of the previous financial year.
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