MRF Ltd shares rose around 2% in late morning trade on Friday as investors positioned themselves ahead of the company’s Q3 earnings announcement. The stock moved within a narrow intraday range, reflecting cautious optimism rather than aggressive buying.
As of 12:12 PM IST, MRF was trading higher after opening at ₹1,34,970, which was also the previous closing price. During the session, the stock touched a low of ₹1,33,740 and climbed to an intraday high of ₹1,37,735.
On a longer-term basis, MRF continues to trade well above its 52-week low of ₹1,02,124.05, though it remains below the 52-week high of ₹1,63,600.
Market participants are closely watching the Q3 numbers for cues on demand trends, cost pressures, and margin performance.
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