MRF Share Price: MRF shares gain 0.42% as Sensex rises

Shares of Ltd. traded 0.42 per cent higher in Tuesday’s session at 11:58AM (IST). The stock opened at Rs 76200.0 and has touched an intraday high and low of Rs 76706.5 and Rs 76052.5, respectively, during the session so far.

The stock quoted a 52-week high of Rs 98575.9 and a 52-week low of 55360.35. About 312 shares changed hands on the counter so far.

Benchmark Nifty50 was up 44.8 points at 16541.25, while the BSE Sensex traded 153.59 points higher at 55709.38 at the time of writing of this report.

In the Nifty pack, 30 stocks traded the day in the green, while 20 were in the red.

Key Financials

For the quarter ended 30-Jun-2021, the company reported consolidated sales of Rs 4276.58 crore, down 12.26 per cent from the previous quarter’s Rs 4874.2 crore and down 70.75 per cent from the year-ago quarter. The company reported net profit of Rs 165.58 crore for the latest quarter.


Promoter Holdings

Promoters held 27.82 per cent stake in the company as of 30-Jun-2021, while FIIs held 19.01 per cent and MFs 7.5 per cent.

Technicals

On the technical charts, the 200-Day Moving Average (DMA) of the stock stood at Rs 81471.94 on August 24, while the 50-DMA was at Rs 80489.84. 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.

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