Q4 results impact: MRF shares surge 4% after net profit jumps 29%

MRF shares surged over 4% to Rs 1,40,900 after reporting a 29% YoY increase in Q4 net profit to Rs 512 crore and announcing a final dividend. Conversely, HUDCO shares dropped 3% despite a 4% profit rise, and CarTrade Tech fell 1.5% even with an 86% profit jump, as their Q4 results underwhelmed the market.

Original news: https://www.motilaloswal.com/news/stocks/91607

14%
portion of total synergy savings derived from IT consolidation

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