Share price of MRF falls as Sensex drops 654.21 points

Share price of . dropped 3.81 per cent to Rs 71889.6 at 02:05PM (IST) in Tuesday’s trade. The scrip hit a high of Rs 74499.95 and low of Rs 71751.25 so far during the session. The stock had closed at Rs 74738.15 in the previous session.

The counter had a total traded volume of 02:05PM shares so far with a turnover of Rs 2.53 crore on BSE. The stock traded at a price-to-earnings multiple of 45.68 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 is the measure of the price that investors are ready to pay even for no growth in the business.

MRF Ltd. belongs to the Tyres & Tubes industry.

Promotor/FII Holding

Promoters held 27.95 per cent stake in the company as of 31-Mar-2022, while FIIs and domestic institutional investors ownership stood at 19.95 per cent and 7.32 per cent, respectively.

Key Financials

The firm reported consolidated sales of Rs 5370.83 crore for the quarter ended 31-Mar-2022, up 7.64 per cent from the previous quarter’s Rs 4989.67 crore and up 10.19 per cent from the year-ago quarter’s Rs 4874.2 crore.

Its profit for the latest quarter stood at Rs 165.21 crore, down 50.26 per cent from the same quarter a year ago.

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