Big fall in company’s shares on Friday
MRF Q2 FY25 Results: The net profit of tire manufacturing giant MRF stood at Rs 470.70 crore with a huge decline of 19 percent in the second quarter (July-September) of the current financial year. The company gave this information in the financial results released on Friday. In the second quarter of the last financial year, the company’s net profit was Rs 586.60 crore. MRF said in an exchange filing today that its operational income during this period has increased by 10 percent to Rs 6881.09 crore, which was Rs 6210.17 crore in the second quarter of the last financial year.
Big fall in company’s shares on Friday
The direct impact of the company’s financial results was also seen on its shares. On Friday, MRF shares closed at Rs 1,19,100.00 on NSE with a huge fall of Rs 1925.95 (1.59 %). Let us tell you that on Thursday the shares of the company had closed at a price of Rs 1,21,025.95 and today it had opened with a slight fall at a price of Rs 1,21,000.00. During trading today, MRF shares reached intraday high of Rs 1,21,249.45 and intraday low of Rs 1,17,401.05.
MRF shares are trading much below 52 week high
MRF shares are trading well below their 52 week high. The 52 week high of the company’s shares is Rs 1,51,445.00 which it touched on February 23, 2024. Its 52 week low is Rs 1,07,033.05, which it touched on November 13 last year. According to NSE data, the current market cap of MRF is Rs 50,512.01 crore.
Alcide Investment shares outperform MRF
Let us tell you that MRF shares have recently slipped from the first place to the second place in the list of most expensive shares of the Indian stock market. Elcid Investments has taken over this position from MRF. Shares of Alcid closed at Rs 3,30,498.00 with a gain of Rs 13900.55 (4.39 percent) on BSE today. Alcid’s share is the most expensive share in the Indian stock market.
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