MRF share price: MRF shares gain 0.61% as Sensex rises

Shares of Ltd. traded 0.61 per cent up at Rs 81933.15 at 12:40PM (IST) on Friday, even as BSE benchmark Sensex gained 681.47 points to 50246.33. The stock had settled at Rs 81434.25 in the previous session.

The stock quoted a 52-week high and 52-week low of Rs 98575.9 and Rs 55360.35, respectively.

As per BSE data, total traded volume on the counter till 12:40PM (IST) stood at 12:40PM shares with turnover at Rs 8.35 crore.

At the prevailing price, shares of the company trades at 21.27 times its trailing 12-month EPS of Rs 3829.01 per share and 2.02 times its price-to-book value, the exchange data showed.

A higher P/E ratio shows investors are willing to pay a higher share price today because of growth expectations in the future. 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.

The Beta value of the stock, which measures its volatility in relation to the broader market, stood at 0.81.

Shareholding Details

Promoters held 27.84 per cent stake in the company as of 31-Mar-2021, while FIIs owned 18.89 per cent and DIIs 8.87 per cent.