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STOCK MARKET

MRF Ltd Soars 1.59%, Gains for Fifth Straight Session

Today, MRF Ltd shares rise at 88333, up 1.59 per cent on the National Stock Exchange (NSE). The company’s share was 9.03 per cent in the financial year 2023, compared to last year to a 6.88 per cent in Nifty and a 24.39 per cent gain in nifty Bank.

The benchmark NIFTY is down around 0.57 per cent daily, with 17240.85. The Sensex is at 57849.48, down 0.46 per cent. MRF Ltd has added around 23.07 per cent in June month. Meanwhile, the Nifty Bank index, of which MRF Ltd is a constituent, has added around 10.03 per cent. The volume in the stock stood at 12028 shares compared to the daily average of 9200 shares in the last month.

In August, the stock’s benchmark futures contract is at Rs 88530.85, up 1.93 per cent. MRF Ltd is up 9.03 per cent in the last year compared to a 6.88 per cent gain in NIFTY and a 24.39 per cent gain in the Nifty Bank index. The stock’s Private Equity (PE) is 57.27 based on TTM earnings ending March 22.

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