MRF Ltd Share Price – NSE /  BSE

Tyres, Small Cap

MRF Ltd is up for a fifth straight session today. The stock is quoting at Rs 123723.6, up 0.17% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is up around 1.39% on the day, quoting at 23674.85. The Sensex is at 78171.81, up 1.32%. MRF Ltd has slipped around 1.41% in last one month.

Meanwhile, Nifty Auto index of which MRF Ltd is a constituent, has slipped around 4.67% in last one month and is currently quoting at 23145.9, up 0.7% on the day. The volume in the stock stood at 2501 shares today, compared to the daily average of 7796 shares in last one month.

The benchmark November futures contract for the stock is quoting at Rs 123660.1, up 0.26% on the day. MRF Ltd is up 11.08% in last one year as compared to a 19.56% jump in NIFTY and a 36.84% jump in the Nifty Auto index.

The PE of the stock is 27.48 based on TTM earnings ending September 24.

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MRF Ltd is up for a third straight session today. The stock is quoting at Rs 122922.9, up 1.71% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 1.25% on the day, quoting at 23745.85. The Sensex is at 78326.94, up 1.28%. MRF Ltd has slipped around 4.15% in last one month.

Meanwhile, Nifty Auto index of which MRF Ltd is a constituent, has slipped around 6.42% in last one month and is currently quoting at 23043.85, up 2.55% on the day. The volume in the stock stood at 4286 shares today, compared to the daily average of 7745 shares in last one month.

The benchmark November futures contract for the stock is quoting at Rs 123531.3, up 2.07% on the day. MRF Ltd is up 10.35% in last one year as compared to a 20.57% jump in NIFTY and a 40.86% jump in the Nifty Auto index.

The PE of the stock is 26.9 based on TTM earnings ending September 24.

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MRF announced that the Board of Directors of the Company at its meeting held on 8 November 2024, inter alia, have recommended the interim dividend of Rs 3 per equity Share (i.e. 30%) , subject to the approval of the shareholders.

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The key equity indices continued to trade with limited losses in mid-afternoon trade. The Nifty traded below the 24,150 mark. Media shares extended losses for the second consecutive trading session.

At 14:28 IST, the barometer index, the S&P BSE Sensex declined 130.77 points or 0.16% to 79,418.29. The Nifty 50 index lost 58.55 points or 0.24% to 24,140.80.

The broader market underperformed the frontline indices. The S&P BSE Mid-Cap index fell 1.05% and the S&P BSE Small-Cap index declined 1.35%.

The market breadth was weak. On the BSE, 1,383 shares rose and 2,535 shares fell. A total of 102 shares were unchanged.

Buzzing Index:

The Nifty Media index slipped 1.89% to 1,964.80. The index fell 2.09% in two consecutive trading sessions.

Den Networks (down 3.31%), Saregama India (down 2.53%), PVR Inox (down 2.39%), Tips Music (down 2.15%), Network 18 Media & Investments (down 1.89%), Dish TV India (down 1.88%), Hathway Cable & Datacom (down 1.73%), Zee Entertainment Enterprises (down 1.69%), Sun TV Network (down 1.25%) and Nazara Technologies (down 0.96%) declined.

Numbers to Track:

The yield on India's 10-year benchmark federal paper shed 0.12% to 6.900 as compared with previous close 6.908.

In the foreign exchange market, the rupee edged lower against the dollar. The partially convertible rupee was hovering at 84.3775, compared with its close of 84.3250 during the previous trading session.

MCX Gold futures for 5 Dec 2024 settlement fell 0.32% to Rs 77,164.

The US Dollar index (DXY), which tracks the greenback's value against a basket of currencies, was down 0.01% to 104.50.

The United States 10-year bond yield lost 0.69% to to 4.317.

In the commodities market, Brent crude for Jan 2025 settlement declined 73 cents or 0.97% to $74.90 a barrel.

Stocks in spotlight:

MRF declined 1.83% after the company’s consolidated net profit declined 19.77% to Rs 470.70 crore despite 10.68% increase in revenue from operations to Rs 6,881.09 crore in Q2 FY25 over Q2 FY24.

NRB Bearings jumped 4.29% after the company's consolidated net profit increased 45.92% to Rs 35.94 crore on 8.07% rise in net sales to Rs 301.51 crore in Q2 FY25 over Q2 FY24.

State Bank of India declined 2.07%. The bank standalone net profit rose 27.92% to Rs 18,331.44 crore on 15.13% increase in total income to Rs 129,141.11 crore in Q2 FY25 over Q2 FY24.

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