MRF Ltd is up for a third straight session in a row. The stock is quoting at Rs 85410.05, up 3.52% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.33% on the day, quoting at 14531.85. The Sensex is at 49357.56, up 0.18%. MRF Ltd has risen around 10.14% in last one month.

Meanwhile, Nifty Auto index of which MRF Ltd is a constituent, has risen around 11.95% in last one month and is currently quoting at 9995.6, up 1.84% on the day. The volume in the stock stood at 52933 shares today, compared to the daily average of 23609 shares in last one month.

The benchmark January futures contract for the stock is quoting at Rs 85455.05, up 3.23% on the day. MRF Ltd is up 27.45% in last one year as compared to a 17.86% spurt in NIFTY and a 23.6% spurt in the Nifty Auto index.

The PE of the stock is 26.38 based on TTM earnings ending September 20.

Powered by Capital Market - Live News

MRF announced that the Board of Directors of the Company at its meeting held on 06 November 2020, has recommended a Interim Dividend Of Rs.3 per share (i.e.30%), subject to the approval of the shareholders.

Powered by Capital Market - Live News

MRF has fixed 19 November 2020 as record date for payment of interim dividend. The dividend will be paid on or after 01 December 2020.

Powered by Capital Market - Live News

The tyre marker's net sales for Q2 September 2020 grew by 6% to Rs 4,244.43 crore from Rs 4,007 crore in the same period last year. The result was announced after market hours yesterday, 6 November 2020.

Consolidated profit before tax came at Rs 571.46 crore in Q2 September 2020, rising 67% year on year from Rs 342.31 crore posted in the same period last year. Current tax expense spiked 64% YoY to Rs 160.49 crore in Q2 September 2020.

Meanwhile, the company has declared a dividend of Rs 3 per share. The record date is set at 19 November 2020. The interim dividend will be paid on or after 1 December 2020.

Shares of MRF fell 0.02% at Rs 68,514.05 on Friday.

MRF manufactures and distributes tyres and tubes for automobiles, aircrafts, motorcycles and cycles.

Powered by Capital Market - Live News