MRF rose 5.69% to Rs 49,250.05 at 14:54 IST on BSE, paring gains after hitting a record high of Rs 50,000 in intraday trade triggered by fresh buying.
Meanwhile, the BSE Sensex was up 90.32 points, or 0.32%, to 28,314.02.
On BSE, so far 7,868 shares were traded in the counter, compared with average daily volume of 1,702 shares in the past one quarter. The stock hit a high of Rs 50,000 so far during the day, which is also a record high for the counter. The stock hit a low of Rs 46,701 so far during the day. The stock hit a 52-week low of Rs 30,464.25 on 24 June 2016. The stock had outperformed the market over the past 30 days till 27 September 2016, rising 24.29% compared with 1.15% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 39.63% as against Sensex's 5.55% rise.
The large-cap tyre maker has equity capital of Rs 4.24 crore. Face value per share is Rs 10.
Net profit of MRF rose 2.4% to Rs 490.93 crore on 0.3% rise in net sales to Rs 3462.94 crore in Q1 June 2016 over Q1 June 2015.
MRF manufactures the largest range of tyres in India and exports to various countries worldwide.
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