MRF Ltd. shares gain 1.78% as Sensex falls

A total of 249 shares changed hands on the counter till 10:36AM (IST)

MRF Ltd. shares  gain  1.78% as Sensex  falls
Shares of MRF Ltd. traded 1.78 per cent up at Rs 62373.2 at 10:36AM (IST) on Friday, even as BSE benchmark Sensex dropped 47.11 points to 37978.34. The stock had closed at Rs 61279.45 in the previous session.

The stock quoted a 52-week high and 52-week low of Rs 73500.0 and Rs 50000.0, respectively.

As per BSE data, total traded volume on the counter till 10:36AM (IST) stood at 10:36AM shares with turnover at Rs 1.54 crore.


At the current price, shares of the company trades at 18.6 times its trailing 12-month earnings per share of Rs 3354.21 per share and 2.17 times its price-to-book value, the exchange data showed.

A higher P/E ratio shows investors are willing to pay a higher share price today because of growth expectations in the future. 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.

The Beta value of the stock, which measures its volatility in relation to the broader market, stood at 0.81.
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Shareholding Details
Promoters held 27.31 per cent stake in the company as of 30-Jun-2020, while FIIs owned 6.25 per cent and DIIs 11.52 per cent.
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