MRF shares up 0.13% as Nifty gains

MRF Ltd. shares  gain  0.09% as Sensex  falls

NEW DELHI: Shares of Ltd. traded 0.13 per cent up in Tuesday’s trade at 12:40PM (IST). Around 827 shares changed hands on the counter.

The stock opened at Rs 80500.0 and touched an intraday high and low of Rs 80618.25 and Rs 79264.7, respectively, in the session so far. The stock of MRF Ltd. quoted a 52-week high of Rs 98575.9 and a 52-week low of Rs 55360.35.

Total market cap of the MRF Ltd. stood at Rs 33739.23 crore at the time of writing this report.

Key Financials

The company reported consolidated net sales of Rs 4705.22 crore for the quarter ended 31-Dec-2020, up 9.7 per cent from previous quarter’s Rs 4289.08 crore and up 13.39 per cent from the year-ago quarter’s Rs 4149.76 crore.

The net profit for latest quarter stood at Rs 520.54 crore, up 115.71 per cent from the corresponding quarter last year.

Shareholding pattern

As of 31-Mar-2021, DIIs held 7.74 per cent stake in the firm, while foreign institutional investors held 18.89 per cent and the promoters 27.84 per cent.

Valuation ratio

According to BSE data, the stock traded at a P/E multiple of 20.78 and a price-to-book ratio of 2.02. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. 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.

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