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As far as the EPS or earning per share of the above three stocks is concerned, there stands
a twist in the tale. Where Ceat is showing a negative EPS growth of 1.3 per cent, MRF is
leading with positive EPS growth of 30.3 per cent followed by Apollo Tyres witnessing 25.9
per cent growth. EPS has turned tables for MRF shares and made it the stock with the
highest scope of growth in coming future as compared to its peers.
Flashback on Q1
MRFs net profit soared by 2.37 per cent to Rs.490.93 cr on 1.01 per cent hike in total
income to Rs.3555.53 cr in Q1 June 2016 as compared to Q1 June 2015. The Q1 result was
declared at the fag end of aftermarket hours on 11th August 2016. The stock had risen 0.56
per cent to settle at Rs.36,689.30 on that particular day. It was seen to be volatile
throughout the day.
AIRIA - All India Rubber Industries Association's award for the 'Highest Export
Awards in the Auto Tyre Sector'.
'Top Export Award' from CAPEXIL - Chemicals & Allied Products Export Promotion
Council for 2009-10.
In the year 2014, MRF was ranked 48th among India's most reliable brands as per
the Brand Trust Report, a study which is conducted by Trust Research Advisory.
Conclusion:
According to Dynamic Levels Researchers, MRF Tyres is currently the best stock in the
tyre industry for investment and the immediate target for MRF would be Rs.41424. The
scrip has impressive financials and strong fundamentals.
Adding muscle to the nations security - MRF Tyres.
Article written by
Salman Hashmi