MRF gains after reporting strong Q3 results

MRF rose 2.27% to Rs 39.401.50 at 15:25 IST on BSE after net profit rose 94.07% to Rs 446.81 crore on 6.37% rise in total income to Rs 3571.06 crore in Q3 June 2015 over Q3 June 2014.

The company announced results during market hours today, 27 July 2015.

Meanwhile, the S&P BSE Sensex was down 548.43 points or 1.95% at 27,563.88.

On BSE, so far 7,911 shares were traded in the counter as against average daily volume of 1,928 shares in the past one quarter.

The stock hit a high of Rs 40,100 and a low of Rs 38,000 so far during the day. The stock had hit record high of Rs 42,799 on 17 April 2015. The stock had hit 52-week low of Rs 23,000 on 1 August 2014.

The stock had outperformed the market over the past one month till 24 July 2015, rising 13.78% compared with Sensex's 1.38% rise. The scrip had however underperformed the market in past one quarter, declining 1.07% as against Sensex's 2.46% gain.

The large-cap tyre manufacturer has equity capital of Rs 4.24 crore. Face value per share is Rs 10.

MRF said that the board of directors of the company at its meeting held today, 27 July 2015, inter alia, has declared an interim dividend of Rs 3 per equity share for the year ending 31 March 2016 (FY 2016).

Powered by Capital Market - Live News