MRF Ltd dropped for a fifth straight session today. The stock is quoting at 55111.55, down 0.42% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 0.14% on the day, quoting at 10873.5. The Sensex is at 36350.2, down 0.12%.MRF Ltd has eased around 17.32% in last one month.Meanwhile, Nifty Auto index of which MRF Ltd is a constituent, has eased around 6.19% in last one month and is currently quoting at 8320.3, down 0.22% on the day. The volume in the stock stood at 7049 shares today, compared to the daily average of 7454 shares in last one month.

The benchmark February futures contract for the stock is quoting at Rs 55459.95, down 0.07% on the day. MRF Ltd tumbled 23.8% in last one year as compared to a 3.55% rally in NIFTY and a 26.76% fall in the Nifty Auto index.

The PE of the stock is 20.44 based on TTM earnings ending December 18.

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MRF has fixed 19 February 2019 as record date for second for payment of second interim dividend. The dividend will be paid on or after 25 February 2019.

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MRF announced that the Board of Directors of the Company at its meeting held on 7 February 2019, inter alia, have recommended the second interim dividend of Rs 3 per equity Share (i.e. 30%) , subject to the approval of the shareholders.

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Net profit of MRF declined 17.99% to Rs 279.26 crore in the quarter ended December 2018 as against Rs 340.51 crore during the previous quarter ended December 2017. Sales rose 6.18% to Rs 4033.76 crore in the quarter ended December 2018 as against Rs 3798.82 crore during the previous quarter ended December 2017.

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