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    Share price of MRF falls as Nifty strengthens

    Synopsis

    A total of 205 shares changed hands on the counter till 01:40PM (IST).

    A broker watches a TV news channel as another monitors share prices at a brokerage firm in MumbaiReuters
    On an immediate basis, 15,770/52,500 and 15,850/52,700 levels would be major hurdles.
    Shares of MRF Ltd. slipped 1.13 per cent to Rs 84443.25 in Friday's trade as of 01:40PM (IST).

    The stock hit a high price of Rs 85905.0 and low of Rs 84300.0 during the session.

    The return on equity (ROE) for the stock stood at 4.76 per cent. Traded volume on the counter stood at 01:40PM shares and turnover at Rs 1.74 crore around that time.

    The stock of MRF Ltd. quoted a 52-week high and 52-week low prices of Rs 89333.0 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 27.94 per cent stake in the company as of 30-Jun-2022, while overseas investors held 21.93 per cent and domestic institutional investors had 6.57 per cent.

    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 previous quarter's Rs 5370.83 crore and up 33.99 per cent from the year-ago quarter's Rs 4276.58 crore.

    Net profit after tax for the latest quarter stood at Rs 123.6 crore, down 25.35 per cent from the same quarter a year ago.



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    (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more
    The Economic Times

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