MRF crosses magic figure of Rs 1.5 lakh (updating)

PrashantNews

MRF Ltd on Tuesday crossed the magic Rs 1.5 lakh figure on the BSE after the stock touched all time high at Rs 154860 in the intraday trading. 

The share closed at Rs 152778.30

After the share slumped to its 52 week low at Rs 100500.00 (05/03/2025) , the tyre major has shown smart recovery giving almost 50 percent return in less than six months.

“The stock has given handsome return and we advised the people to stay invested for long-term,” said a market analyst.

In the March-June quarter, the MRF has earned a revenue of Rs 7,560.28 crore with a profit of Rs 484.23 crore compared to Rs 563 crore last year. MRF reported a nearly 14 per cent drop in first-quarter profit pressured by higher rubber costs.

By Shishir Prashant

Shishir Prashant is a senior journalist having vast experience working in prestigious media organizations like PTI, Business Standard, Deccan Herald and Kashmir Times

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