MRF share price up 0.1 per cent

MRF share price up 0.1 per cent
ETMarkets.com
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Synopsis

A total of 66 shares changed hands on the counter till 11:32AM (IST).

Analysts see 15,900 to continue to pose as the immediate resistance.
Shares of Ltd. traded 0.1 per cent up at Rs 74000.0 at around 11:32AM (IST) on Wednesday. The stock had closed at Rs 73929.0 in the previous session. Equity benchmark Sensex traded 113.76 points higher at 59969.69 around the same time.


The scrip has declined 6.36 per cent in the last one year till date, while the 30-share index has gained 31.66 per cent during the same period.

The stock's 52-week high price stood at Rs 98575.9 and the 52-week low price at Rs 68719.9.

Trading volume on the counter stood at 66 shares, while it quoted a price-to-earnings ratio of 25.99, an EPS value of 2846.71 and a price-to-book value of 2.6. In the Nifty50 pack, 31 stocks traded in the green, while 19 stocks were in the red.

Promoter/FII Holding
Promoters held 27.84 per cent stake in the company as of 30-Sep-2021, while foreign institutional investors and MF ownership stood at 19.54 per cent and 6.85 per cent, respectively.

Key Financials
For the quarter ended 30-Sep-2021, the company reported consolidated sales of Rs 4996.63 crore, 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. The company reported net profit of Rs 189.06 crore for the latest quarter.

Technical Indicators
The MACD signalled a bullish bias on the counter. The MACD is known for signalling trend reversals in traded securities or indices. It is the difference between the 26-day and 12-day exponential moving averages. A nine-day exponential moving average, called the signal line, is plotted on top of the MACD to reflect "buy" or "sell" opportunities. When the MACD crosses below the signal line, it gives a bearish signal, indicating that the price of the security may see a downward movement and vice versa.

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