Why MRF share is down?

Is it good to invest 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.

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?

MRF Limited quote is equal to 77730.00 INR at 2021-08-11. Based on our forecasts, a long-term increase is expected, the “MRF” stock price prognosis for 2026-08-07 is 126842 INR. With a 5-year investment, the revenue is expected to be around +63.18%. Your current $100 investment may be up to $163.18 in 2026.

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.

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. …

IMPORTANT:  What countries does Canada share borders with?

Why MRF share price is so high today?

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.

Is MRF debt free?

Company is virtually debt free. The company has an efficient Cash Conversion Cycle of 73.96 days.

Does MRF give dividend?

For the year ending March 2021 MRF has declared an equity dividend of 1500.00% amounting to Rs 150 per share. … Rs. 54.0000 per share(540%)Final Dividend.

Is MRF owned by Manorama?

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

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

What was price of MRF share in 1990?

MRF Share price in 1990 was around 320 Rupees. But now MRF share price is around 97000 Rupees. MRF share lifetime high is 98599 Rupees. In 2016 MRF share price was 41425 Rupees.

Investments are simple