MRF nears 52-week low ahead of March quarter results

The company's board of directors is scheduled to meet on Thursday to consider the audited results for the quarter and year ended March 31, 2019

MRF shares slipped 2 per cent to Rs 54,500 on Friday, falling 5 per cent in one week ahead of the January-March quarter (Q4FY19) results next week. The stock is now 1 per cent away from its 52-week low price of Rs 53,901, touched on February 19, 2019, in intra-day trade.

In the past three weeks, the MRF stock has slipped 10 per cent, as compared to no changed benchmark index S&P BSE Sensex.

The company's board of directors is scheduled to meet on Thursday to consider the audited results for the quarter and year ended March 31,