MRF hits 52-week high of ₹1,07,500 apiece as Q1 profit rises 376%

MRF Limited hit a 52-week high of ₹1,07,500/piece on Thursday after the company reported a 376% year-on-year (YoY) increase in its net profit for the June quarter at ₹588.75 crore. The company reported a 13.06% YoY increase in revenue from operations at ₹6,440.29 crore. The stock has the second-highest price-to-earnings of 36.27x amongst its peers.