Auto dealers saw increased footfalls as buyers thronged dealerships in large numbers on September 22 to buy vehicles with lower price tags under the new GST regime
Anand Rathi is bullish on MRF has recommended buy rating on the stock with a target price of Rs 1,70,000 in its research report dated August 12, 2025.
Revenue from operations was Rs 7,676 crore in the first quarter ended June 30, 2025, as against Rs 7,196 crore a year.
Crude sensitive stocks: Brent crude oil futures shot up over 9 percent to hit a multi-month high of around $75.61 per barrel. WTI Crude Oil Futures also gained over 9 percent to hover around $74.39 per barrel
Elcid Investments took the title of India's priciest stock away from MRF on October 29, 2024, after a special price discovery session conducted by the BSE.
Tyre stocks raced ahead on May 21, led by JK Tyre’s robust quarterly results. Stable input costs and margin hopes keep outlook bright
MRF reported consolidated net profit for the January–March 2025 quarter at Rs 492.74 crore, higher by 33 percent on-year.
Q4 results impact: MRF announced a final dividend of Rs 229 per share for the financial year 2025.
The Nifty Auto Index may well be on the verge of a reversal, with stocks like MRF and Exide Industries lining up as early beneficiaries. While confirmation is always key, the setup is promising—and those watching closely may find themselves ahead of the next big move.
However, MRF's revenue from operations rose 14% to Rs 7,001 crore in Q3FY25
Anand Rathi is bullish on MRF has recommended buy rating on the stock with a target price of Rs 160,000 in its research report dated November 10, 2024.
Brent crude is a major source of synthetic rubber and other petrochemical products used in tyre manufacturing. As crude prices drop, the cost of these raw materials also decreases, reducing production costs for tyre companies.
Experts suggest that the Nifty 50 is likely to find support at 24,100, and below this, the 24,000-23,900 zone will be crucial to watch. However, resistance is expected at 24,300 on the higher side. Here are some trading ideas for the near term.
The move by MRF comes after Apollo Tyres, CEAT and JK Tyres have undertaken a price hike of three percent already.
MRF reported a 7.6 percent decline in net profit to Rs 379.6 crore during the quarter ended March.