Share price of MRF rises as Nifty strengthens

Shares of MRF Ltd. gained 0.43 per cent to Rs 82403.55 in Friday's trade as of 12:53PM (IST).

The stock hit a high price of Rs 83150.0 and low of Rs 82288.25 during the session.

The return on equity (ROE) for the stock stood at 4.76 per cent. Traded volume on the counter stood at 12:53PM shares and turnover at Rs 1.5 crore around that time.


The stock of MRF Ltd. quoted a 52-week high and 52-week low prices of Rs 93855.0 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.