Share price of MRF jumps as Sensex gains 28.8 points

The share price of MRF Ltd. gained 0.29 per cent to Rs 85800.0 at 10:56AM (IST) in Wednesday's trade. The stock has hit a high of Rs 86489.9 and low of Rs 85600.1 so far during the session. The stock had closed at Rs 85555.75 in the previous session.

The counter has had a total traded volume of 227 shares so far with a value of Rs 1.95 crore on the NSE. It traded at a price-to-earnings multiple of 58.0 and a price-to-book ratio of 1.96.

A higher price-to-earnings 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 9.39 per cent during the past one year, while the 30-share index advanced 1.22 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.