Share price of MRF falls as Sensex gains 93.55 points

The share price of MRF Ltd. dropped 0.06 per cent to Rs 85067.9 at 12:33PM (IST) in Friday's trade. The stock has hit a high of Rs 86050.0 and low of Rs 84777.0 so far during the session. The stock had closed at Rs 85121.85 in the previous session.

The counter has had a total traded volume of 140 shares so far with a value of Rs 1.19 crore on the NSE. It traded at a price-to-earnings multiple of 57.52 and a price-to-book ratio of 1.96.

A higher P/E ratio shows 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 reflects the price investors are willing to pay even for no growth in the business.

The scrip gained 6.71 per cent during the past one year, while the 30-share index advanced 3.47 per cent during the same period.

MRF Ltd. belongs to the Tyres & Tubes industry.

Promotor/FII Holding
Promoters held 27.49 per cent stake in the company as of 30-Jun-2022, while overseas investors and domestic institutional investors ownership 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.

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