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The company commands around 50% market share in the power tiller segment
Analysts retained their bullish on the company, citing dominant market share in its core businesses and strong balance sheet
In a week that is since June 14, 2021, till date the stock has surged over 55.6% hitting an all-time high of Rs 633.90 in morning trades.
The benchmark BSE Sensex has gained nearly 10% YTD, while the broader BSE Midcap and Smallcap indices have advanced 25% and 37%, respectively
The company is the market leader in India’s PVC synthetic leather industry with customers in both the automotive and footwear segments
MRF is the largest tyre manufacturer in India and has a sizeable presence in all major tyre categories
Higher global steel output & strength in global steel prices have put graphite electrode cos such as HEG in a sweet spot," ICICI Securities said
Market participants will be looking forward to WPI inflation data for May will be released on 14 June 2021
One lakh rupee invested in this company in 2018 has now turned into Rs 4,86,999
For Q4FY21, the company reported a consolidated net profit of Rs 53.90 crore against a loss of Rs 76.49 crore in the same period last year