Share price of MRF jumps as Sensex gains 368.31 points

Share price of MRF jumps as Sensex gains 368.31 points
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Synopsis

Promoters held 27.27 per cent stake in the company as of 31-Mar-2021, while FII and DII ownership stood at 13.48 per cent and 7.74 per cent, respectively.

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Except in the case of cholera outbreak in November 2010 and pneumonic plague in September 1994, Indian market have bounced back strongly.

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The share price of Ltd. gained 0.98 per cent to Rs 78222.8 at 12:52PM (IST) in Monday's trade. The stock has hit a high of Rs 78520.05 and low of Rs 77550.0 so far during the session. The stock had closed at Rs 77465.05 in the previous session.

The counter has had a total traded volume of 870 shares so far with a value of Rs 6.79 crore on the NSE. It traded at a price-to-earnings multiple of 20.44 and a price-to-book ratio of 2.02.

A higher P/E ratio shows investors are willing to pay a higher price for per rupee earnings given by the stock because of better future growth expectations.

The price-to-book value indicates the inherent value of a company and reflects the price investors are willing to pay even for no growth in the business.

The scrip gained 33.13 per cent during the past one year, while the 30-share index advanced 47.04 per cent during the same period.

MRF Ltd. belongs to the Tyres & Tubes industry.

Promotor/FII Holding
Promoters held 27.27 per cent stake in the company as of 31-Mar-2021, while overseas investors and domestic institutional investors ownership stood at 13.48 per cent and 7.74 per cent, respectively.

Key Financials
The company reported consolidated sales of Rs 4705.22 crore for the quarter ended 31-Dec-2020, up 9.7 per cent from the previous quarter's Rs 4289.08 crore and up 13.39 per cent from the year-ago quarter's Rs 4149.76 crore.

Profit for the latest quarter stood at Rs 520.54 crore, up 115.71 per cent from the same quarter a year ago.

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