MRF Stock in Focus After CLSA Initiates Buy Rating; Check Target Price
India, Nov. 11 -- The shares of a Mid-cap firm that specializes primarily in manufacturing automotive tyres and rubber products are in focus following the target coverage on it by CLSA with an upside potential of 32 percent from the previous close.
With a market capitalization of Rs. 52,914.58 crores in the day's trade, the shares of MRF Ltdrose by 1.14 percent, reaching a high of Rs. 1,26,499.95 per share compared to its previous closing price of Rs. 1,25,070.85 per share.
What Happened
MRF Ltd shares are in the spotlight after global brokerage firm CLSA initiated an 'Outperfrom' rating on the stock with a target price of Rs. 1,65,238, implying an upside potential of nearly 32 percent from the previous closing price of Rs. 1,25,070.85...
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