Tyre Manufacturing Stock Crashes ₹4800! Experts Predict 30% Further Fall
MRF Ltd (NSE: MRF) Share Crashes: In the turbulent rise in the stock market, the share of a tire manufacturing firm, MRF Limited was badly shattered on Friday.
The stock dropped over 3 percent, and the price dropped by approximately Rs 4,800. In the same way, the stock brokerage estimates that the stock could go lower to the low point of 97,000 rupees.
In such a scenario it is best to sell the stock since it will likely fall by approximately 30 percent. However, Kotak Institutional said increasing market share is a positive indication for MRF.
Share Status
The closing date of MRF Limited’s stock was Rs 1,40,287. It dropped to a low of 1,35,500 rupees on Friday. This means that the stock saw a decrease of around 4,800 rupees.
In February 2024 this stock was trading at an amount of Rs 1,51,283. This is the 52-week peak that the share has reached.
The 52-week low of this stock is Rs 1,04,750. The price was recorded on 14 August 2023.
How Were The Quarterly Results?
MRF’s profits in its first quarter of the financial year 2024-25 fell by 3 percent year-on-year, to Rs 571 crore. MRF’s profit for the initial (April-June) period of fiscal year 2023-24 was Rs 589 crore.
The total earnings during this time were increased to Rs 7,280 crore. In the same period as last year, the figure was Rs 6,515 crore.
Bumper Jump In Sensex
The 30-share Sensex closed at 79,705.91 points and gained by 819.69 points, or 1.04 percent. The Sensex began the day with a gain and, at one point during trading, it rose in value to 1,098.02 points.
The market was in the green as investors bought shares of major firms such as Reliance Industries and Infosys amid the rise of the global market.
As a result, the capitalizations of companies that are listed on BSE have increased by Rs 4,46,308.99 crore to Rs 4,50,21,816.11 crore.
MRF Ltd Stock Performance
Current Price | ₹ 1,36,912 |
52-wk High | ₹ 1,51,445 |
52-wk Low | ₹ 1,04,751 |
5 Days Return | -0.33% |
1 Month Return | 4.83% |
Key Fundamentals Parameters
Market Cap | ₹ 58,051 Cr. |
Stock P/E | 28.1 |
Book Value | ₹ 39,384 |
Dividend | 0.15 % |
ROCE | 16.1 % |
ROE | 12.6 % |
Face Value | ₹ 10.0 |
P/B Value | 3.48 |
OPM | 16.5 % |
EPS | ₹ 4,865 |
Debt | ₹ 2,822 Cr. |
Debt to Equity | 0.17 |
MRF Ltd Share: Last 5 Years’ Financial Condition
Last 5 Years’ Sales:
2020 | ₹ 16,237 Cr |
2021 | ₹ 16,162 Cr |
2022 | ₹ 19,317 Cr |
2023 | ₹ 23,008 Cr |
2024 | ₹ 25,925 Cr |
Last 5 Years’ Net Profit:
2020 | ₹ 1,423 Cr |
2021 | ₹ 1,277 Cr |
2022 | ₹ 669 Cr |
2023 | ₹ 769 Cr |
2024 | ₹ 2,064 Cr |
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