Motilal Oswal's research report on MRF
MRF’s 4QFY22 performance was driven by strong revenue growth, while RM cost inflation continued to impact margin. The industry is taking gradual price increases to dilute the impact of severe cost inflation. We raise our FY23/FY24 EPS by ~6%/3% to factor in price hikes in the Replacement market.
.
Outlook
We maintain our Neutral rating with a TP of INR69,000 per share.
For all recommendations report, click here
Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
Find the best of Al News in one place, specially curated for you every weekend.
Stay on top of the latest tech trends and biggest startup news.