Share price of MRF jumps as Sensex gains 164.34 points

By Et Markets Com10 days ago

Share price of

MRF

AD

Ltd. gained 0.5 per cent to Rs 80270.0 at 12:04PM (IST) in Tuesday's trade. The scrip hit a high of Rs 80808.9 and low of Rs 79957.35 so far during the session. The stock had closed at Rs 79871.7 in the previous session.

The counter had a total traded volume of 12:04PM shares so far with a turnover of Rs 2.43 crore on BSE. The stock traded at a price-to-earnings multiple of 20.99 and a price-to-book ratio of 2.02.

A higher P/E ratio shows investors are willing to pay a higher price for per rupee earnings given by the stock because of better future growth expectations.

Continue read on indiatimes.com