MRF Share Price: MRF shares gain 2.01% as Sensex rises

Shares of Ltd. traded 2.01 per cent larger in Thursday’s session at 12:49PM (IST). The inventory opened at Rs 79100.0 and has touched an intraday excessive and low of Rs 80450.0 and Rs 78895.4, respectively, through the session thus far.

The inventory quoted a 52-week excessive of Rs 98575.9 and a 52-week low of 57887.85. About 981 shares modified palms on the counter thus far.

Benchmark Nifty50 was up 185.75 factors at 17831.75, whereas the BSE Sensex traded 633.87 factors larger at 59823.6 on the time of writing of this report.

Within the Nifty pack, 38 shares traded the day within the inexperienced, whereas 11 had been within the pink.

Key Financials

For the quarter ended 30-Jun-2021, the corporate reported consolidated gross sales of Rs 4276.58 crore, down 12.26 per cent from the earlier quarter’s Rs 4874.2 crore and down 70.75 per cent from the year-ago quarter. The corporate reported web revenue of Rs 165.58 crore for the most recent quarter.

Promoter Holdings

Promoters held 27.82 per cent stake within the firm as of 30-Jun-2021, whereas FIIs held 19.01 per cent and MFs 7.5 per cent.

Technicals

On the technical charts, the 200-Day Shifting Common (DMA) of the inventory stood at Rs 82164.58 on October 07, whereas the 50-DMA was at Rs 79434.98. If a inventory trades above 50-DMA and 200-DMA, it often means the instant development is upward. However, if the inventory trades nicely under 50-DMA and 200-DMA each, it’s thought of as bearish development and if trades between these averages, then it suggests the inventory can go both manner.