This microcap counter was listed at Rs 2.25 lakh but soared nearly 50 per cent since relisting to Rs 3.32 lakh in November 2024 but its down 60 per cent from its peak.
MRF Q4: The tyremaker's revenue from operations climbed 11.43 per cent to Rs 7,074.82 crore from Rs 6,349.36 crore in the year-ago period. Total expenses went up too, up 10.33 per cent at Rs 6,526.87 crore YoY.
More than 150 companies hit their 52-week lows during Tuesday's trading session, including largecap names like MRF, Life LIC of India, Adani Wilmar and Asian Paints.
The Rs 1.2 lakh MRF stock is dwarfed by a microcap player with nearly double its price as of Tuesday. Interestingly, this stock was just a penny stock worth Rs 3.21 in July this year.
MRF shares fell 3.4 per cent to hit a low of Rs 1,35,501 on BSE. Share price targets for MRF suggest up to 29 per cent downside over the prevailing price.
IRCTC, RR Kabel, MRF ex-dividend stocks, PM Modi to inaugurate 2nd Voice of Global South Summit in Top News on Nov 17: Stock market, Nifty, Bharat Gaurav tourist train launch in Mumbai also in focus.
ESAF Small Finance Bank IPO to open, MRF, JSW Infra, Zomato, IndiGo Q2 results in Top News on November 3: NTPC among ex-dividend stocks, share markets, Bank Nifty, currency outlook also in focus.
Dividend stocks today: A total of fifteen stocks including Tata Consultancy Services (TCS), HCL Technologies, MRF, Fortis Healthcare, Graphite India are trading ex-dividend today (July 20). Check the full list, record date, and more.
Stocks in focus today: Share market today would react to the weekly option expiry and results of index heavyweight Infosys and HUL. Fortis Healthcare, Reliance Industries, HCL Technologies, TCS, and MRF are among the stocks to watch on Thursday, July 20, 2023.
CEAT share price: The stock jumped 19.40 per cent to hit a 52-week high of Rs 2,498.10 over its previous close of Rs 2,092.30. Turnover on the counter came at Rs 31.15 crore, commanding a market capitalisation (m-cap) of Rs 9,882.77 crore. The scrip has gained 28.48 per cent in the past one month and 49.45 per cent on a year-to-date (YTD) basis.
MRF share price: The counter's 14-day relative strength index (RSI) came at 68.98. A level below 30 is defined as oversold while a value above 70 is considered overbought. The company's stock has a negative price-to-earnings (P/E) ratio of 51.64. It has a negative price-to-book (P/B) value of 2.91.