Buy MRF, target Rs 66,000: Manas Jaiswal

Buy MRF at a price target of Rs 66,000 and a stop loss at Rs 63,500 from entry point.

Manas Jaiswal of manasjaiswal.com has a buy call on MRF with a target price of Rs 66,000.

The current market price of MRF is Rs 64,259.30.

Time period given by the analyst is intraday when MRF price can reach defined target.

Manas Jaiswal recommended to keep a stop loss at Rs 63,500.

MRF, incorporated in the year 1960, is a Large Cap company (having a market cap of Rs 26,779.59 Crore) operating in Tyres sector.

The company’s top management includes Dr.Cibi Mammen, Dr.K C Mammen, Dr.Salim Joseph Thomas, Mr.Ambika Mammen, Mr.Arun Mammen, Mr.Ashok Jacob, Mr.Jacob Kurian, Mr.K M Mammen, Mr.Meyyappan, Mr.N Kumar, Mr.Rahul Mammen Mappillai, Mr.Ranjit I Jesudasen, Mr.V Sridhar, Mr.Vijay R Kirloskar.
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Company has SCA & Associates as its auditors.

As on 30-09-2017, the company has a total of 4,241,143 shares outstanding.
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