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    MRF shares up 0.9% as Nifty gains

    Synopsis

    A total of 3,634 shares changed hands on the counter till 11:06AM (IST).

    NiftyGetty Images
    India 10-year bond yield rose 0.05 per cent to 6.03 after trading in 6.02-6.04 range.
    NEW DELHI: Shares of MRF Ltd. traded 0.9 per cent up in Monday's trade at 11:06AM (IST). Around 3,634 shares changed hands on the counter.

    The stock opened at Rs 81200.0 and touched an intraday high and low of Rs 82075.0 and Rs 80850.0, respectively, in the session so far. The stock of MRF Ltd. quoted a 52-week high of Rs 93855.0 and a 52-week low of Rs 62944.5.

    As per BSE, the total market cap of the MRF Ltd. stood at Rs 34696.32 crore at the time of writing this report.

    Key Financials
    The company reported consolidated net 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.

    The net profit for latest quarter stood at Rs 123.6 crore, down 25.35 per cent from the corresponding quarter last year.

    Shareholding pattern
    As of 30-Jun-2022, domestic institutional investors held 6.21 per cent stake in the firm, while foreign institutional investors held 16.05 per cent and the promoters 27.49 per cent.


    Valuation ratio
    According to BSE data, the stock traded at a price-to-earnings multiple of 55.31 and a price-to-book ratio of 1.96. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.

    MRF Ltd. belongs to the Tyres & Tubes industry.



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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
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