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MRF gains on launching new range of motorcycle tyres ‘Nylogrip Ezeeride’

MRF is currently trading at Rs. 58262.05, up by 222.30 points or 0.38% from its previous closing of Rs. 58039.75 on the BSE.

The scrip opened at Rs. 58200.00 and has touched a high and low of Rs. 58500.00 and Rs. 58200.00 respectively. So far 106 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 81423.00 on 30-Apr-2018 and a 52 week low of Rs. 53901.45 on 19-Feb-2019.

Last one week high and low of the scrip stood at Rs. 58904.65 and Rs. 57305.00 respectively. The current market cap of the company is Rs. 24734.35 crore.

The promoters holding in the company stood at 27.64%, while Institutions and Non-Institutions held 21.48% and 50.88% respectively.

MRF has introduced a new range of motorcycle tyres ‘Nylogrip Ezeeride’. MRF Nylogrip Ezeeride is available at the flagship MRF Tiretok, MRF T&S stores and MRF Exclusive dealers across the country.

This latest product will be available in tube and tubeless versions for both the front and the rear in ten sizes fitting popular commuter bikes and extending to the Enfield and Harley-Davidson motorcycles.

MRF is engaged in the manufacturing, distribution and sale of tyres for various kinds of vehicles. The company offers tyre shopping, tyredrome and tyre maintenance services. It also provides an institute for driver development.

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