MRF Limited shares hiked on July 15th: Stock Market

MRF Limited shares hiked on July 15th: Stock Market

MRF Limited shares hiked on July 15th: Stock Market

New Delhi: To begin with, the shares of MRF Limited gained in the trading session today. The share price of the company hiked by 0.25% at Rs. 64,536 in the trade. Besides, the total traded volume on the counter turned over around Rs. 1.50 crores.

Certainly, the stock reached a high of Rs. 65,050.00. As well as it reached a low of Rs. 64,340.00. Earlier, the stock closed at Rs. 64,372.75 in the previous session.

On the other side, the company reported a consolidated net sales of Rs. 3,685.16 crores as of March 2020. Down by 9.58% from the previous quarter, which stood at Rs. 4,075.75 crores.

Despite this, the net profit for the present quarter stood at Rs. 679.02 crores, up to 131.01% from the same quarter a year ago.

Also, as of March 2020, the promoters of the company held 27.31% of its stake. Likewise, the FIIs held a 5.24% stake and DIIs held an 11.30% stake.

Moreover, the shares of the company traded at a price-to-earnings multiple of 19.27. So then, the price-to-book ratio stood at 2.24.

July 15th Stock Market Details:

On July 15th, both the Sensex and the Nifty stood trading at a bullish trend in the stock market. The Sensex gained 680.91 points and reached 36,716.15 levels with a 1.93% profit. On the other side, the Nifty gained 198.05 points and reached 10,805.95 levels with a 1.83% profit.

In the border market, the S&P BSE Midcap index gained 121.49 points with 0.92% profit and reached a 13,398.78 level. Also, the S&P BSE Smallcap index gained 146.56 points with a 1.20% profit and reached a 12,816.41 level. At the same time, the Nifty Bank gained 448.30 points with 2.17% profit and reached 21,857.15 level.

Besides, as of July 15th, the number of confirmed COVID-19 cases across India has reached 9,37,487. Also, the number of deaths in the country has reached 24,315.

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