MRF shares fall 4% to hit new 52-week low after Q3 PAT slips 38% YoY

The shares of tyre manufacturer MRF fell by 4% to hit a new 52-week low of Rs 1,10,000 on the BSE in intraday trade after the company reported a 38% year-on-year (YoY) fall in its net profit at Rs 315 crore.

The profit after tax (PAT) was Rs 510 crore in the year-ago period.

However, the company’s…