MRF rises 0.27% as Sensex slides

MRF rises 0.27% as Sensex slides
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Synopsis

The stock traded at a P/E multiple of 34.38, while the price-to-book value ratio stood at 2.6.

Analysts see 15,900 to continue to pose as the immediate resistance.
Shares of MRF Ltd. traded at Rs 67775.45 on BSE at 12:27PM (IST) on Thursday, up 0.27 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, shares of the company saw a gap up opening in the morning.

A total of 57 lakh shares changed hands on the counter till 12:27PM (IST).

The stock of MRF Ltd. commanded a market value of Rs 28744.54 crore, according to BSE.

The stock traded at a price-to-earning (P/E) multiple of 34.38, 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, 329 stocks traded in the green, while 171 stocks were in the red.

The stock's beta value, which measures volatility in relation to the broader market, stood at 0.81.

Promotor/FII Holding
Promoters held 27.45 per cent in MRF Ltd. as of 31-Dec-2021 while foreign and domestic institutional investors owned 14.58 per cent and 6.87 per cent, respectively.

Moving averages
The 200-DMA of the stock stood at 75515.96 on April 07, while the 50-DMA was at 67494.12. If a stock trades below 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades below 50-DMA and 200-DMA, it is considered as bearish trend and if trades between 50-DMA and 200-DMA, then it suggests the stock can go either way.

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