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MRF Ltd spikes 0.8%

MRF Ltd is quoting at Rs 60580, up 0.8% on the day as on 12:49 IST on the NSE. The stock is down 13.76% in last one year as compared to a 4.04% drop in NIFTY and a 32.28% drop in the Nifty Auto.

MRF Ltd gained for a fifth straight session today. The stock is quoting at Rs 60580, up 0.8% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.13% on the day, quoting at 11050.55. The Sensex is at 37329.51, up 0.16%. MRF Ltd has risen around 6.77% in last one month.

Meanwhile, Nifty Auto index of which MRF Ltd is a constituent, has risen around 6.95% in last one month and is currently quoting at 7423.6, down 1.23% on the day. The volume in the stock stood at 3995 shares today, compared to the daily average of 4434 shares in last one month.

The benchmark September futures contract for the stock is quoting at Rs 60677, up 0.58% on the day. MRF Ltd is down 13.76% in last one year as compared to a 4.04% drop in NIFTY and a 32.28% drop in the Nifty Auto index.

The PE of the stock is 23.05 based on TTM earnings ending June 19.

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