MRF shares  up  2.74% as Nifty  gains
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MRF shares up 2.74% as Nifty gains

Shares of MRF Ltd. rose 2.74 per cent to Rs 72649.45 in Friday’s trade. It hit an intraday high of Rs 72819.9 and low of Rs 71030.0, respectively, during the day.

The stock quoted a 52-week high price of Rs 98575.9 and low of Rs 68719.9.

As of 12:02PM (IST), the counter saw total traded volume of 147 shares with a traded value of Rs 1.06 crore, according to NSE.

The stock had closed at Rs 70708.95 in the previous session.

The scrip has advanced 3.7 per cent in the past one month till date, while the benchmark BSE Sensex has gained 1.5 per cent during the same period.

According to exchange data, the stock traded at a price-to-earnings (P/E) multiple of 25.56 while price-to-book ratio stood at 2.6. A higher P/E ratio shows that 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 it reflects the price investors are ready to pay even for no growth in a business.

The stock belongs to the Tyres & Tubes industry.

Promoter/FII Holding
Promoters held 27.45 per cent stake in the company as of 31-Dec-2021, while FII and MF ownership in the firm stood at 14.58 per cent and 6.87 per cent, respectively.

Key Financials
The company reported consolidated sales of Rs 4996.63 crore for the quarter ended 30-Sep-2021, 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’s Rs 4289.08 crore. Its net profit for the latest quarter stood at Rs 189.06 crore, down 53.99 per cent from the same quarter a year ago.

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