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

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.

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Category: BusinessFinance

Markets: India

Topics: MRF rs. 3 dividend MRF Q2 earnings MRF memes MRF q2 earning 2024 MRF Q2 results 2024 MRF Q2 MRF quarterly results MRF Q2 results MRF dividend record date MRF Dividend MRF share price MRF Q2 financial results MRF q2 revenue MRF second quarter results

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Article Type: News Report

Published On: 2024-11-08 @ 13:08:05 (8 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

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