MRF shares drop: Take U-turn after reporting 20% fall in net profits for Q2

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MRF shares drop: Take U-turn after reporting 20% fall in net profits for Q2 - Business Standard

Quick Summary:

After opening in the green territory and gaining 0.40 per cent on Wednesday morning, the shares of tyre manufacturing giant MRF dropped 2.

The company has also announced an interim dividend of Rs 3 per share, with November 19, 2024, set as the record date for the dividend.

MRF operates multiple manufacturing facilities located in Trichy, Tiruvottiyur, and Arakonam in Tamil Nadu, Kottayam in Kerala, Ponda in Goa, Medak in Andhra Pradesh, and the Union Territory of Pondicherry.