MRF Q4 net profit slips to Rs 89.85 cr; stocks down

MRF reported net profit of Rs 89.85 crores for the quarter ended March, 2011 against Rs 95.82 crores in the same quarter a year ago. Net sales grew to Rs 2381.6 crores against Rs 1767.6 crores in the corresponding quarter previous fiscal.

The stock was at Rs 6539, down 0.34 per cent on the BSE. It touched a high of Rs 6595 and low of Rs 6510 in trade so far.