Why MRF share price is going down today?

Why is MRF share falling?

MRF share price fell over 4% in trade today after the firm reported a 95.07 per cent decline in consolidated net profit. … The firm reported a 95.07 per cent fall in consolidated net profit at Rs 13.46 crore for June quarter impacted heavily by the coronavirus pandemic.

What is the future of MRF share?

Tomorrow’s movement Prediction of MRF Limited MRF as on 31 Aug 2021 appears strongly Bullish. This stock started moving upwards as soon as it opened.

Munafa value: 75 as on 31 Tue Aug 2021.

Strong resistance 90231
Strong support 65334
Strong support 62199
Strong support 59006
Strong support 56116

Why MRF share price is going high?

MRF is the most expensive stock in the Indian equity market, which costs Rs 54,488 for one share. This is because MRF has never split its stock. … The reason behind this can be that as the price of the share is high, a retail trader with small investment won’t be willing to buy MRF shares.

What happened to MRF?

MRF fell 2.74% to Rs 82,600.65 after the company’s consolidated net profit declined 51.1% to Rs 332.15 crore in Q4 FY21 from Rs 679.02 crore in Q4 FY20. Profit before tax in Q4 FY21 stood at Rs 448.99 crore, up 47.8% from Rs 303.82 crore in Q4 FY20. …

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Which is best shares to buy?

Top Companies in India by Investments – BSE

Sr Company Change
1 SBI Add to Watchlist Add to Portfolio 3.30
2 HDFC Bank Add to Watchlist Add to Portfolio 12.95
3 PNB Add to Watchlist Add to Portfolio -0.10
4 Reliance Add to Watchlist Add to Portfolio -10.75

Is MRF owned by Manorama?

MRF Tyres is owned by the same Syrian Christian family of Kerala that owns Malayalam Manorama.

Does MRF give dividend?

MRF Ltd. For the year ending March 2021 MRF has declared an equity dividend of 1500.00% amounting to Rs 150 per share. At the current share price of Rs 78885.00 this results in a dividend yield of 0.19%. The company has a good dividend track report and has consistently declared dividends for the last 5 years.

What dividend does MRF pay?


Dividends Declared
29/06/2020 14/09/2020 Rs.94.0000 per share(940%)Final Dividend
10/02/2020 18/02/2020 Rs.3.0000 per share(30%)Second Interim Dividend
08/11/2019 21/11/2019 Rs.3.0000 per share(30%)Interim Dividend
02/05/2019 01/08/2019 Rs.54.0000 per share(540%)Final Dividend

Is MRF overvalued?

If you check the current market price of MRF Share, it’s hovering at a whopping price of Rs 84,470 per share. Its all-time high for the last 52 weeks is Rs 98,599. … After all, buying a stock at Rs 84,470 per share is not financially viable for most retail investors.

Is intraday allowed in MRF?

The Prices page of MRF Ltd.. captures the information on Price and Volume for a user defined time interval. It also contains the Live Stock Price and Volume, 52 Week High Low, Bid and Offer Price and Volume, Intraday and Historical Price Chart. Intraday Data not available.

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Which share is lowest price in India?

Lowest Price Share List:

1 20MICRONS 30.75
2 63MOONS 72.7
3 AAKASH 53.1
4 AARON 30.55

Does MRF share 100000 touch?

In the intra-day deals today, the stock hit a high of Rs 93,768, and is just 3 per cent away from its record high of Rs 96,456 per share, touched on January 21, 2021. …

Is it worth investing in MRF?

MRF’s value is building on investor expectations as well as strong fundamentals and future growth prospects. Unlike its competitors, MRF’s ROE or return on equity of 11.64 percent is quite higher than the industry average of 7.4 percent.