INSUBCONTINENT EXCLUSIVE:
Kunal Bothra of Independent Analyst has sell call on MRF Ltd
with a target price of Rs 62000.0
The current market price of MRF Ltd
is Rs 63274.0 Kunal Bothra recommended to keep stoploss at Rs 64000
MRF Ltd., incorporated in the year 1960, is a Large Cap company
(having a market cap of Rs 27322.40 Crore) operating in Tyres sector
key Products/Revenue Segments include Automobile Tyres which contributed Rs 14160.44 Crore to Sales Value (89.41 % of Total Sales),
Automobile Tubes which contributed Rs 1152.49 Crore to Sales Value (7.27 % of Total Sales), Others which contributed Rs 421.57 Crore to
Sales Value (2.66 % of Total Sales), Scrap which contributed Rs 68.00 Crore to Sales Value (0.42 % of Total Sales), Sale of services which
contributed Rs 34.50 Crore to Sales Value (0.21 % of Total Sales)for the year ending 31-Mar-2019
For the quarter ended 30-09-2019, the company has reported a Consolidated sales of Rs 4007.63 Crore, down -10.36 % from last quarter Sales
of Rs 4470.82 Crore and unchanged .00 % from last year same quarter Sales of Rs Crore Company has reported net profit after tax of Rs 228.96
Mammen, Mr.Rahul Mammen Mappillai, Mr.Ranjit I Jesudasen, Mr.Samir Thariyan Mappillai, Mr.V Sridhar, Mr.Varun Mammen, Mr.Vijay R Kirloskar,
Mrs.Ambika Mammen, Mrs.Vimla Abraham
Company has SCA - Associates as its auditoRs As on 30-09-2019, the company has a total of 4,241,143 shares outstanding.