MRF shares  gain  0.76% as Sensex  falls

MRF shares gain 0.76% as Sensex falls


Shares of Ltd. traded 0.76 per cent higher in Friday’s session at 11:16AM (IST). The stock opened at Rs 74237.45 and has touched an intraday high and low of Rs 74700.0 and Rs 73967.15, respectively, during the session so far.

The stock quoted a 52-week high of Rs 98575.9 and a 52-week low of 73111.0. About 296 shares changed hands on the counter so far.

Benchmark Nifty50 was up 7.45 points at 17409.10, while the BSE Sensex traded 2.02 points lower at 58459.27 at the time of writing of this report.



In the Nifty pack, 27 stocks traded the day in the green, while 23 were in the red.

Key Financials

For the quarter ended 30-Sep-2021, the company reported consolidated sales of Rs 4996.63 crore, up 16.84 per cent from the previous quarter’s Rs 4276.58 crore and up 16.5 per cent from the year-ago quarter. The company reported net profit of Rs 189.06 crore for the latest quarter.


Promoter Holdings

Promoters held 27.84 per cent stake in the company as of 30-Sep-2021, while FIIs held 19.54 per cent and MFs 6.85 per cent.

Technicals

On the technical charts, the 200-Day Moving Average (DMA) of the stock stood at Rs 81205.35 on December 03, while the 50-DMA was at Rs 79236.44. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades well below 50-DMA and 200-DMA both, it is considered as bearish trend and if trades between these averages, then it suggests the stock can go either way.



Source link

Leave a Reply

Your email address will not be published.