MRF.NSE MRF Ltd.

CEAT aims to maintain its strong position in the higher margin 2W tyre segment, with a 33 percent market share.

MRF reported a 7.6 percent decline in net profit to Rs 379.6 crore during the quarter ended March.

Sharekhan is bearish on MRF has recommended sell rating on the stock with a target price of Rs 92,000 in its research report dated May 05, 2024.

A continuation of positive momentum is seen in January in tyre sector stocks with JK Tyre and CEAT delivering returns in excess of 18 percent on year-to-date basis alone.