MRF shares drop 0.57% as Sensex rises

MRF shares drop 0.57% as Sensex rises
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Synopsis

A total of 409 shares changed hands on the counter till 01:01PM (IST)

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tate-owned Canara Bank invited bids to sell 30 per cent stake in its housing finance subsidiary.

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Shares of the Ltd. traded at Rs 78196.3 on BSE at 01:01PM (IST) on Wednesday, down 0.57 per cent. The stock quoted a 52-week low price of Rs 55360.35 and a high of Rs 98575.9.

Earlier in the day, the stock saw a gap up opening.

At the prevailing price, the stock traded at 20.44 times its trailing 12-month EPS of Rs 3829.01 per share and 2.02 times its book value, as per BSE data.

A total of 409 shares changed hands on the counter till 01:01PM (IST). The stock commands a market value of Rs 33187.05 crore and is part of the Tyres & Tubes industry.

The scrip has been an underperformer , up 35.42 per cent in the past one year in comparison with a 44.26 per cent gain in Sensex.

During the day, the stock moved between Rs 79337.05 and Rs 78004.65.

Promoter/FII Holding
Promoters held 27.27 per cent in the company as of 31-Mar-2021. FII and MF ownership in MRF Ltd. stood at 13.48 per cent and 7.74 per cent, respectively.

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