MRF stock price: MRF stock price drops 0.25% as Sensex climbs

The shares of MRF Ltd. fell 0.25% to Rs 65,946.9 at 12:59 p.m. (IST) on Thursday. Earlier in the day, the stock saw a gap in early trading.

According to available BSE data, the total amount traded over the counter stood at 202 shares with a turnover of Rs 1.33 crore as of 12:59 p.m. (IST). The stock traded at a price-to-earnings (P/E) multiple of 33.43, while the price-to-book ratio stood at 2.6.

The return on equity (ROE) was 9.52%, according to data from the exchange. The stock hit an intraday high of Rs 66678.2 and a low of Rs 65600.0 during the session and quoted a 52-week high price of Rs 94000.0 and a 52-week low of Rs 65005, 15.

The stock’s beta, which measures its volatility relative to the broader market, was 0.81.

Technical indicators

The 200-DMA (daily moving average) of the stock stood at Rs 77,936.16 on February 17, while the 50-DMA was at Rs 72,043.47. If a stock is trading above 50-DMA and 200-DMA, it usually means that the immediate trend is up. On the other hand, if the stock is trading below 50-DMA and 200-DMA, it is considered to be in a downtrend. If it is trading between 50-DMA and 200-DMA, it suggests that the stock can go either way.

The relative strength index (RSI) of stood at 28.94. The RSI fluctuates between zero and 100. Traditionally, a stock is considered overbought when the RSI value is above 70 and oversold when it is below 30.

Promoter Holder

As of December 31, 2021, promoters held 27.9% of the company’s capital, while FIIs held 19.25% and domestic institutional investors 8.23%.

Eleanor C. William