ResultsMint
Citi sets MRF target at Rs 1,65,238 with 30% upside
Negative-54Company event
GreyOak summary
Citi maintained an 'Outperform' rating on MRF with a target of Rs 1,65,238, citing 30% upside despite Q2 margin pressure. MRF reported an 18% revenue rise but a 28% PAT decline due to a 430-basis-point EBITDA margin contraction from raw material inflation. While Citi expects margin recovery from FY28, Motilal Oswal reiterated a 'Sell' rating and cut its FY27 earnings estimate by 17%.
What it affects
- MRFNegative -54
Revenue up 18%, PAT down 28%Rolling sentiment Negative -61
Source
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