Positive impactCompany
MRF share price target after Q2: Tyre maker faces margin pressure, but Citi sees 30% upside; sets ₹1,65,238 target
Mint 3 hrs ago·11 Nov 2026, 3:05 pm
MRF, the country's largest tyre manufacturer, recently reported weaker quarterly earnings due to rising costs for raw materials like rubber and steel. This has squeezed the company's profit margins, causing its share price to face some downward pressure. Despite these short-term challenges, the company remains a dominant player in the domestic market.
However, foreign brokerage Citi has maintained an 'Outperform' rating on the stock, citing the company's strong market position and pricing power. The firm has set a target price of ₹1,65,238, which implies significant potential for growth. This suggests that analysts believe the company can overcome current cost pressures and deliver strong returns over the long term.
For investors, the key takeaway is to look beyond the immediate quarterly dip. The focus should be on how effectively MRF manages its input costs and sustains its pricing power. Investors should also monitor the broader economic environment and demand for automobiles to gauge the company's future performance.
Excerpt from Mint
Citi retained its Outperform rating on MRF, with a ₹ 1,65,238 target price, despite quarterly margin and profit declines caused by higher raw material costs. Global brokerage firm Citi has maintained its bullish outlook on MRF even as the company's September-quarter performance was hit by rising raw material prices.…Read the original at Mint
Affected stocks
Bullish1 stock
Bull / bear label is derived from the article's AI sentiment — indicative, not advice. Prices may be delayed.
Key takeaways
- Concerns MRF (MRF).
- Category: Company.
- AI reads the tone as positive (potentially bullish) for the stock.
- Assessed as a significant, market-relevant update.
Why it matters
A meaningful update for MRF worth tracking. The tone is positive — historically associated with upward pressure, though not predictive. Use the price and stock snapshot to gauge how the market is responding.
