MRF shares down 0.13% as Nifty falls

Shares of MRF Ltd. rose 0.13 per cent to Rs 84100.0 in Thursday's trade. It hit an intraday high of Rs 85223.9 and low of Rs 83846.0, respectively, during the day.

The stock quoted a 52-week high price of Rs 93855.0 and low of Rs 62944.5.

As of 11:11AM (IST), the counter saw total traded volume of 254 shares with a traded value of Rs 2.14 crore, according to NSE.

The stock had closed at Rs 84212.35 in the previous session.

The scrip has declined -0.85 per cent in the past one month till date, while the benchmark BSE Sensex has slipped -0.85 per cent during the same period.

According to exchange data, the stock traded at a price-to-earnings (P/E) multiple of 57.0 while price-to-book ratio stood at 1.96. A higher P/E ratio shows that investors are willing to pay a higher price for per rupee earnings given by the stock because of better future growth expectations. The price-to-book value indicates the inherent value of a company and it reflects the price investors are ready to pay even for no growth in a business.

The stock belongs to the Tyres & Tubes industry.

Promoter/FII Holding
Promoters held 27.49 per cent stake in the company as of 30-Jun-2022, while FII and MF ownership in the firm stood at 16.05 per cent and 6.21 per cent, respectively.

Key Financials
The company reported consolidated sales of Rs 5730.37 crore for the quarter ended 30-Jun-2022, up 6.69 per cent from the previous quarter's Rs 5370.83 crore and up 33.99 per cent from the year-ago quarter's Rs 4276.58 crore. Its net profit for the latest quarter stood at Rs 123.6 crore, down 25.35 per cent from the same quarter a year ago.