Share price of MRF falls as Nifty weakens

Share price of MRF falls as Nifty weakens
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Synopsis

A total of 61 shares changed hands on the counter till 11:11AM (IST).

Reuters
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Shares of MRF Ltd. slipped 0.5 per cent to Rs 68785.0 in Monday's trade as of 11:11AM (IST).

The stock hit a high price of Rs 68973.4 and low of Rs 68280.0 during the session.

The return on equity (ROE) for the stock stood at 9.52 per cent. Traded volume on the counter stood at 11:11AM shares and turnover at Rs 0.42 crore around that time.

The stock of MRF Ltd. quoted a 52-week high and 52-week low prices of Rs 87579.85 and Rs 62944.5, 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 27.95 per cent stake in the company as of 31-Mar-2022, while FIIs held 19.95 per cent and domestic institutional investors had 7.32 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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