MRF Gearing up for a big move The stock is in consolidating Phase , and we can accumulate at this levels and wait for breakouts soon
4776.50INR
7.69 BINR
229.91 BINR
2.25 M
About MRF LTD
Sector
Industry
Headquarters
Chennai
Website
Employees (FY)
34.6 K
Founded
1946
ISIN
INE883A01011
FIGI
BBG000CVV850
MRF Ltd. engages in the manufacture, distribution, and sale of rubber products. The firm's products includes tires, tubes, flaps, tread rubber, and conveyor belt. It also manufactures paint, coats, pretreads, and sports goods. The company was founded by K. M. Mammen Mappillai in 1946 and is headquartered in Chennai, India.
The Tyre King MRF Done with Upside?? Then Downside Levels hereStock is down almost -9% from it's freak trade all time high 150233 dated 17 Jan. 2024
There is only strong resistance around 145800
All other unnamed green horizontal lines could be work as short term support to bounce back and profit booking from short postions.
If Green line broken down decisi
MRF at the Top, awaiting cooldownMRF at the Top, awaiting cooldown.
MRF has given consistent performance and given almost 100% return from my previous post on it. Since it seems to be on the upper end of the short term channel expecting some correction in it with the levels of 128600-121620-116800 . Also Depends on the overall mar
Is the Giant Waking Up?Every trade is based on a few questions. If the answer is satisfactory. The trade is worth it.
Reason for Trade:
- MRF is taking support from a multiyear trendline .
- Confluence of support between multi year trendline and last breakour falling trendline retest
- Weekly RSI has cooled down and rem
mrfstrong breakout on weekly chart
expect support at 107000-101000 areas
with this , dip could be an opportunity to participate in the current trend
WHEELSafter a brief sideways consolidation, looks like we are going to have a breakout, good volume.
Shows its strength with forward breakout tendencyShows its strength with forward breakout tendency. trade on either breakout or fakeout.
high risk
Stop loss and hedge must.
Mrf looking good for 111111 tar stops 93500Mrf trading in upper channel likely to test 111111 tar, low risk traders can long 98000 call qt 1200 for tar 12000 stops 350
SellSell around 84350 stop loss 87460 target 78700.
Disc : It's not a recommendation to buy or sell.
Short MRF target 104000 (4%)MRF moving within parellel channel; probably going to reverse back after touching the upper limit of the channel;
Target 1 .. 104000 .. approx 4 percent by Sep end. Further targets of 102000; 100,000 possible by Sep-Oct
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Frequently Asked Questions
The current price of MRF is 129231.50 INR — it has decreased by 0.71% in the past 24 hours.
Depending on the exchange, the stock ticker may vary. For instance, on NSE exchange MRF LTD stocks are traded under the ticker MRF.
MRF LTD is going to release the next earnings report on May 2, 2024. Keep track of upcoming events with our Earnings Calendar.
MRF stock is 1.94% volatile and has beta coefficient of 0.65. Check out the list of the most volatile stocks — is MRF LTD there?
One year price forecast for MRF LTD has a max estimate of 149209.00 INR and a min estimate of 75444.00 INR.
MRF earnings for the last quarter are 1.35 K INR whereas the estimation was 1.28 K INR which accounts for 5.09% surprise. Estimated earnings for the next quarter are 1.24 K INR. See more details about MRF LTD earnings.
MRF LTD revenue for the last quarter amounts to 60.88 B INR despite the estimated figure of 64.67 B INR. In the next quarter revenue is expected to reach 61.17 B INR.
Yes, you can track MRF LTD financials in yearly and quarterly reports right on TradingView.
MRF stock has fallen by 3.20% compared to the previous week, the month change is a 5.66% fall, over the last year MRF LTD has showed a 48.54% increase.
MRF net income for the last quarter is 5.10 B INR, while the quarter before that showed 5.87 B INR of net income which accounts for −13.12% change. Track more MRF LTD financial stats to get the full picture.
Today MRF LTD has the market capitalization of 552.03 B, it has decreased by 3.16% over the last week.
MRF LTD dividend yield was 0.21% in 2022, and payout ratio reached 9.65%. The year before the numbers were 0.23% and 9.51% correspondingly. See high-dividend stocks and find more opportunities for your portfolio.
Like other stocks, MRF shares are traded on stock exchanges, e.g. Nasdaq, Nyse, Euronext, and the easiest way to buy them is through an online stock broker. To do this, you need to open an account and follow a broker's procedures, then start trading. You can trade MRF LTD stock right from TradingView charts — choose your broker and connect to your account.
As of Apr 18, 2024, the company has 34.60 K employees. See our rating of the largest employees — is MRF LTD on this list?
Investing in stocks requires a comprehensive research: you should carefully study all the available data, e.g. company's financials, related news, and its technical analysis. So MRF LTD technincal analysis shows the sell today, and its 1 week rating is buy. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1 month rating MRF LTD stock shows the buy signal. See more of MRF LTD technicals for a more comprehensive analysis.
If you're still not sure, try looking for inspiration in our curated watchlists.
If you're still not sure, try looking for inspiration in our curated watchlists.
We've gathered analysts' opinions on MRF LTD future price: according to them, MRF price has a max estimate of 149209.00 INR and a min estimate of 75444.00 INR. Read a more detailed MRF LTD forecast: see what analysts think of MRF LTD and suggest that you do with its stocks.
EBITDA measures a company's operating performance, its growth signifies an improvement in the efficiency of a company. MRF LTD EBITDA is 41.83 B INR, and current EBITDA margin is 10.62%. See more stats in MRF LTD financial statements.