Moneycontrol PRO
HomeNewsBusinessStocksNeutral MRF; target of Rs 69,000: Motilal Oswal

Neutral MRF; target of Rs 69,000: Motilal Oswal

Motilal Oswal recommended Neutral rating on MRF with a target price of Rs 69,000 in its research report dated May 10, 2022.

May 12, 2022 / 14:32 IST
     
     
    26 Aug, 2025 12:21
    Volume
    Todays L/H
    More

    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.

    Broker Research
    first published: May 12, 2022 02:32 pm

    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!

    Subscribe to Tech Newsletters

    • On Saturdays

      Find the best of Al News in one place, specially curated for you every weekend.

    • Daily-Weekdays

      Stay on top of the latest tech trends and biggest startup news.

    Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347