MRF has announced that it will pick up up to 19.10 per cent stake in First Energy 4 Pvt Ltd, which is engaged in the business of development, construction, operating, and maintaining renewable energy-based power plants in India, for an estimated sum of ₹13.09 crore

MRF to acquire 19.10% in First Energy for ₹13 crore, to buy solar power

MRF Ltd. has entered into a power purchase agreement with First Energy 4 Pvt. Ltd. in order to enhance its source of renewable power supply.

MRF enters into power purchase agreement with First Energy

The recovery in the EBITDA margin is expected to continue in FY24 owing to softening raw material costs and operating leverage.

MRF futures cross Rs 1 lakh-mark; current valuation seen expensive | The Financial Express

Hence, upside momentum is expected only above the 18,267 level, while the index can witness selling if 18,042 is broken. Stocks such as Siemens, ABB, L&T, Maruti, TVS Motor, Indian Hotels, Apollo Tyre, MRF, Titan, and Havells can be bought for trading purpose, said analysts.

Selling could intensify if Nifty breaks 18,042: Analysts

HDFC Bank, HDFC, ICICI Bank, Adani Enterprises and Axis Bank are among the most active Nifty 50 stocks intraday.

MRF, ITC, Dr Reddy’s among 82 NSE stocks to hit 52-week highs; 7 touch 52-week lows | The Financial Express

The shares of Indian tyre manufacturer MRF have risen by 8% in just two sessions, thanks to an 86% YoY rise in profit in Q1 2022. Shares were trading at INR95,200 ($1,289), having surged 32% over the past year. Although MRF’s fundamental outlook is muted, technical analysts are optimistic about the …

MRF share price at Rs 1 lakh possible? Look at both technical and fundamental analysis

Analysts at Motilal Oswal Financial Services (MOFSL) said that MRF’s Q4FY23 performance surprised positively as lower raw material costs boosted Ebitda margin to 14.7 per cent

MRF nears 52-week high on healthy Q4 results; stock rallies 8% in 2 days

Shares of MRF climbed more than 2 per cent in morning trade on Thursday after the company’s consolidated net profit surged over two-fold for the March quarter.

MRF shares climb more than 2% as Q4 net profit jumps two-fold

But if you look at Apollo Tyres, Ceat, MRF, of course, is a slightly pricey stock. It has always been a pricey stock, Apollo Tyres, Ceat, JK Tyre these are all extremely low valuation companies. Volumes are coming back. So clearly yes, crude beneficiaries is something which we have been buying.

Here’s why Chakri Lokapriya is bullish on Titan stock

MRF has already declared and paid two interim dividends of Rs.3/- (30%) each per share for the financial year ended 31st March, 2023.

MRF 1690% Dividend 2023: MRF Announces Interim Dividend of Rs 10 per Equity Share

The company explained that the reason for the high growth in net profit in the fourth quarter was due to “easing of raw material prices”, compared with the previous three quarters

MRF Q4 net nearly trebles, pays ₹169 a share

Price return has been average, nothing exciting

Performance

Seems to be overvalued vs the market average

Valuation

Lagging behind the market in financials growth

Growth

Showing good signs of profitability & efficiency

Profitability

The stock is overpriced but is not in the overbought zone

Current price is more than the intrinsic value

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

MRF Limited is engaged in the manufacture and sale of automotive tires, tubes and flaps, among others. The Company also manufactures rubber products, such as tread rubber and conveyor belt.

MRF Ltd