MRF Share Price: MRF stock price up 0.87 per cent as Sensex climbs

Shares of Ltd. rose 0.87 per cent to Rs 77132.85 at 11:17AM hours (IST) on Wednesday. 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 103 shares with a turnover of Rs 0.79 crore till 11:17AM (IST). The stock traded at a price-to-earnings (P/E) multiple of 27.09, while the price-to-book value ratio stood at 2.6.

Return on equity (ROE) was at 9.52 per cent, according to exchange data. The stock hit an intraday high of Rs 77287.5 and a low of Rs 76790.0 during the session and quoted a 52-week high price of Rs 98575.9 and a 52-week low of Rs 73756.25.



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 81826.41 on November 24, while the 50-DMA was at Rs 79962.96. 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 43.24. 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 30-Sep-2021, promoters held 27.84 per cent stake in the company, while overseas investors held 19.54 per cent and domestic institutional investors had 8.19 per cent.

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