MRF shares down 1.18% as Nifty falls

MRF shares down 1.18% as Nifty falls
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Synopsis

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

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The Dow Jones Industrial Average finished up 1,048.86 points, or 5.20 per cent, to 21,237.38 on Tuesday. The S&P500 index increased 143.06 points, or 6.00 per cent, to 2,529.19.
Shares of Ltd. rose 1.18 per cent to Rs 81008.0 in Thursday's trade. It hit an intraday high of Rs 82153.85 and low of Rs 81007.25, respectively, during the day.

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

As of 01:56PM (IST), the counter saw total traded volume of 461 shares with a traded value of Rs 3.74 crore, according to NSE.

Did you Know?

Stock score of MRF Ltd moved down by 2 in a month on a 10-point scale.

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The stock had closed at Rs 81973.95 in the previous session.

The scrip has declined -1.9 per cent in the past one month till date, while the benchmark BSE Sensex has gained 4.29 per cent during the same period.

According to exchange data, the stock traded at a price-to-earnings (P/E) multiple of 26.94 while price-to-book ratio stood at 2.02. A higher P/E ratio shows that 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 it reflects the price investors are ready to pay even for no growth in a business.

The stock belongs to the Tyres & Tubes industry.

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

Key Financials
The company reported consolidated sales of Rs 4874.2 crore for the quarter ended 31-Mar-2021, up 3.59 per cent from the previous quarter's Rs 4705.22 crore and up 30.14 per cent from the year-ago quarter's Rs 3745.21 crore. Its net profit for the latest quarter stood at Rs 332.15 crore, down 51.08 per cent from the same quarter a year ago.

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