Share price of MRF rises as Nifty strengthens

Share price of MRF rises as Nifty strengthens
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Synopsis

A total of 604 shares changed hands on the counter till 01:08PM (IST).

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India 10-year bond yield declined 0.40 per cent to 5.98 after trading in 5.98 -6.04 range.
Shares of MRF Ltd. gained 0.53 per cent to Rs 66287.8 in Tuesday's trade as of 01:08PM (IST).

The stock hit a high price of Rs 66638.95 and low of Rs 65005.15 during the session.

The return on equity (ROE) for the stock stood at 9.52 per cent. Traded volume on the counter stood at 01:08PM shares and turnover at Rs 3.97 crore around that time.

The stock of MRF Ltd. quoted a 52-week high and 52-week low prices of Rs 94000.0 and Rs 65005.15, respectively.

The Beta value of the counter, which measures its volatility in relation to the broader market, stood at 0.81.

Promotor/FII Holding
Promoters held 27.9 per cent stake in the company as of 31-Dec-2021, while FIIs held 19.25 per cent and domestic institutional investors had 8.23 per cent.

Key Financials
The company reported consolidated sales of Rs 4989.67 crore for the quarter ended 31-Dec-2021, down 0.14 per cent from previous quarter's Rs 4996.63 crore and down 6.05 per cent from the year-ago quarter's Rs 4705.22 crore.

Net profit after tax for the latest quarter stood at Rs 149.39 crore, down 71.3 per cent from the same quarter a year ago.

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