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MRF Ltd's shares surged after reporting a 31% year-on-year increase in Q4 net profit, reaching Rs 498 crore. The company's revenue from operations also rose by 12% to Rs 6,944 crore. Alongside these strong results, MRF announced a final dividend of Rs 229 per share, bringing the total dividend for FY25 to Rs 235 per share.
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Opposition parties claim the new trade agreement means Indian workers will be cheaper for employers to hire.
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Following the successful 'Operation Sindoor,' Indian defence stocks have surged, attracting significant investor attention. Experts advise caution against impulsive buying, emphasizing a strategic approach due to potentially inflated valuations after the recent rally. Mutual funds increased holdings in several defence stocks, indicating long-term confidence, while FIIs also raised their stakes in specific companies.
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