MRF share price: MRF stock price up 0.23 per cent as Sensex slides

Shares of Ltd. rose 0.23 per cent to Rs 80935.0 at 11:43AM hours (IST) on Thursday. Earlier in the day, the stock saw a gap up start to the session.

As per data available on BSE, total traded quantity on the counter stood at 50 shares with a turnover of Rs 0.41 crore till 11:43AM (IST). The stock traded at a price-to-earnings (P/E) multiple of 26.93, while the price-to-book value ratio stood at 2.02.

Return on equity (ROE) was at 9.52 per cent, according to exchange data. The stock hit an intraday high of Rs 81267.95 and a low of Rs 80931.2 during the session and quoted a 52-week high price of Rs 98575.9 and a 52-week low of Rs 55360.35.

The stock’s beta value, which measures its volatility in relation to the broader market, stood at 0.81.

Technical Indicators

The 200-DMA (day moving average) of the stock stood at Rs 78484.19 on July 08, while the 50-DMA was at Rs 80987.76. 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 below 50-DMA and 200-DMA, it is considered a bearish trend. If it trades between 50-DMA and 200-DMA, then it suggests the stock can go either way.

The Relative Strength Index (RSI) of the stood at 46.68. The RSI oscillates between zero and 100. Traditionally, a stock is considered overbought when the RSI value stands above 70 and oversold when it is below 30.

Promoter holding

As of 31-Mar-2021, promoters held 27.84 per cent stake in the company, while FIIs held 18.89 per cent and domestic institutional investors had 8.87 per cent.

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