MRF shares rise 1.69% as Sensex climbs

Shares of the MRF Ltd. traded at Rs 69498.9 on BSE at 11:47AM (IST) on Thursday, up 1.69 per cent from previous close.

The stock quoted a 52-week low price of Rs 62944.5 and a high of Rs 87579.85.

Earlier, the stock saw a gap up opening in the morning.

A total of 162 lakh shares changed hands on the counter till 11:47AM (IST).

The stock of MRF Ltd. commands a market value of Rs 29469.05 crore.

The stock traded at a price-to-earning (P/E) multiple of 35.24, while the price-to-book value ratio stood at 2.6. Return on equity (ROE) was at 9.52 per cent, according to exchange data.

In the BSE500 pack, 432 stocks traded in the green, while 68 stocks were in the red.

Promotor Holding
Promoters held 27.9 per cent in the MRF Ltd. as of 31-Dec-2021 while foreign and domestic institutional investors owned 19.25 per cent and 8.23 per cent, respectively.