MRF slides after announcing uninspiring Q1 results

MRF lost 0.33% to Rs 36,567.05 at 9:50 IST on BSE after net profit rose 2.37% to Rs 490.93 crore on 1.01% rise in total income to Rs 3555.53 crore in Q1 June 2016 over Q1 June 2015.

The result was announced at the fag end of after market hours yesterday, 11 August 2016. The stock had risen 0.56% to settle at Rs 36,689.30 on that day.

Meanwhile, the S&P BSE Sensex was up 249.31 points or 0.89% at 28,108.91.

On BSE, so far 427 shares were traded in the counter as against average daily volume of 2,190 shares in the past two weeks. The stock was volatile. The stock lost as much as 1.46% at the day's low of Rs 36,150 so far during the day. The stock rose as much as 0.44% at the day's high of Rs 36,854 so far during the day. The stock had hit a 52-week high of Rs 44,644 on 20 August 2015. The stock had hit a 52-week low of Rs 30,464.25 on 24 June 2016.

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

MRF manufactures the largest range of tyres in India and exports to various countries worldwide.

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