MRF stock price: MRF shares fall 0.02% as Sensex rises
The certificate had closed at Rs 85438.1 in the previous session. The stock quoted a 52-week high of Rs 89333.0 and a 52-week low of Rs 62944.5, respectively. According to BSE data, the total trading volume on the counter till 13:04 (IST) stood at 109 shares with a turnover of Rs 0.93 crore.
At the current price, the company’s shares were trading at 57.75 times its 12-month earnings per share of Rs 1,478.99 per share and 1.96 times its price-to-book ratio, according to exchange data. .
A higher P/E ratio shows that investors are willing to pay a higher price today due to growth expectations in the future.
The price-to-book ratio indicates the intrinsic value of a company and reflects the price that investors are willing to pay even without growth of the company. The stock’s beta, which measures its volatility relative to the broader market, was 0.81.
The promoters held 27.49% of the company’s capital as of June 30, 2022, while the FIIs held 16.05% and the DIIs 6.21%.
On the technical charts, the relative strength index (RSI) of the stock stands at 56.17. The RSI oscillates between zero and 100. Traditionally, it is considered an overbought condition when the RSI value is above 70 and an oversold condition when it is below 30. Chartists say that the RSI should not be considered in isolation, as it may not be enough to take a trade call, just as fundamental analysts cannot give a “buy” or “sell” recommendation using a single valuation ratio.