MRF rises 0.59% as Sensex slides

MRF rises 0.59% as Sensex slides
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Synopsis

The stock traded at a P/E multiple of 21.49, while the price-to-book value ratio stood at 2.02.

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Shares of Ltd. traded at Rs 82017.75 on BSE at 01:28PM (IST) on Tuesday, up 0.59 per cent from previous close.

The stock quoted a 52-week low price of Rs 55360.35 and a high of Rs 98575.9.

Earlier, shares of the company saw a gap up opening in the morning.

A total of 592 lakh shares changed hands on the counter till 01:28PM (IST).

The stock of MRF Ltd. commanded a market value of Rs 34904.73 crore, according to BSE.

The stock traded at a price-to-earning (P/E) multiple of 21.49, while the price-to-book value ratio stood at 2.02. Return on equity (ROE) was at 11.64 per cent, according to exchange data.

In the BSE500 pack, 310 stocks traded in the green, while 190 stocks were in the red.

The stock's beta value, which measures volatility in relation to the broader market, stood at 0.81.

Promotor/FII Holding
Promoters held 27.31 per cent in MRF Ltd. as of 31-Dec-2020 while foreign portfolio investors and domestic institutional investors owned 12.67 per cent and 7.87 per cent, respectively.

Moving averages
The 200-DMA of the stock stood at 72483.77 on April 06, while the 50-DMA was at 87671.83. If a stock trades below 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades below 50-DMA and 200-DMA, it is considered as bearish trend and if trades between 50-DMA and 200-DMA, then it suggests the stock can go either way.

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