Share price of MRF jumps as Sensex gains 273.91 points

Share price of MRF jumps as Sensex gains 273.91 points
ETMarkets.com
Rate Story
Share
Font Size
Save
Comment
Synopsis

A total of 161 shares changed hands on the counter till 12:08PM (IST)

Agencies
Mazhar Mohammad of Chartviewindia.in said technical indicators are turning mixed as the weekly MACD chart has generated a 'buy' signal, giving an edge to the bulls.
Share price of Ltd. gained 0.61 per cent to Rs 77673.3 at 12:08PM (IST) in Friday's trade. The scrip hit a high of Rs 77960.6 and low of Rs 77300.0 so far during the session. The stock had closed at Rs 77201.25 in the previous session.

The counter had a total traded volume of 12:08PM shares so far with a turnover of Rs 1.25 crore on BSE. The stock traded at a price-to-earnings multiple of 27.29 and a price-to-book ratio of 2.6.

A higher price-to-earnings 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 is the measure of the price that investors are ready to pay even for no growth in the business.

MRF Ltd. belongs to the Tyres & Tubes industry.

Promotor/FII Holding
Promoters held 27.84 per cent stake in the company as of 30-Sep-2021, while overseas investors and domestic institutional investors ownership stood at 19.54 per cent and 8.19 per cent, respectively.

Key Financials
The firm reported consolidated sales of Rs 4996.63 crore for the quarter ended 30-Sep-2021, up 16.84 per cent from the previous quarter's Rs 4276.58 crore and up 16.5 per cent from the year-ago quarter's Rs 4289.08 crore.

Its profit for the latest quarter stood at Rs 189.06 crore, down 53.99 per cent from the same quarter a year ago.

Pick the best companies to invest

BECOME AN ETPRIME MEMBER

Read More News on

(What's moving Sensex and Nifty Track latest market news, stock tips and expert advice on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds.)

Download The Economic Times News App to get Daily Market Updates & Live Business News.

ETPrime stories of the day

Read before you invest. Insights on MRF Ltd.. Explore Now