MRF stock price: MRF stock price up 2.69% as Sensex slides

Shares of . rose by 2.69% to reach Rs 88,360.0 at 12:28 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 545 shares with a turnover of Rs 4.79 crore till 12:28 (IST). The stock traded at a price-to-earnings (P/E) multiple of 59.95, while the price-to-book ratio stood at 1.96.

The return on equity (ROE) was 4.76%, according to data from the exchange. The stock hit an intraday high of Rs 89300.0 and a low of Rs 85741.0 during the session and quoted a 52-week high price of Rs 89333.0 and a 52-week low of Rs 62944, 5.

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 73659.9 on September 15, while the 50-DMA was at Rs 83075.62. 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 64.32. 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 June 30, 2022, promoters held 27.94% of the company’s capital, while foreign investors held 21.93% and domestic institutional investors 6.57%.

Karen J. Nelson