MRF turns volatile after Q4 results

MRF rose 0.34% to Rs 41,382.70 at 14:05 IST on BSE after net profit rose 45.38% to Rs 460.73 crore on 0.94% decline in total income from operations (net) to Rs 3329.50 crore in Q4 September 2015 over Q4 September 2014.

The result was announced during market hours today, 29 October 2015.

Meanwhile, the S&P BSE Sensex was down 155.37 points or 0.57% at 26,884.39.

On BSE, so far 4,201 shares were traded in the counter as against average daily volume of 2,443 shares in the past one quarter.

The stock was volatile. The stock rose as much as 2.49% at the day's high of Rs 42,271.75 so far during the day. The stock lost as much as 1.72% at the day's low of Rs 40,532.55 so far during the day. The stock had hit a 52-week low of Rs 30,650.90 on 28 October 2014. The stock had hit a record high of Rs 46,405.35 on 5 August 2015.

The stock had underperformed the market over the past one month till 28 October 2015, gaining 0.29% compared with Sensex's 5.55% rise. The scrip, had, however, outperformed the market in past one quarter, surging 4.96% as against Sensex's 1.53% fall.

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

MRF's net profit rose 74.14% to Rs 1563.67 crore on 2.54% growth in total income from operations (net) to Rs 13533.49 crore in the year ended 30 September 2015 over the year ended 30 September 2014.

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

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