MRF Ltd gains for third consecutive session
MRF Ltd gained for a third straight session today. The stock is quoting at Rs 148605, up 1.41% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.29% on the day, quoting at 25052.35. The Sensex is at 81871.37, up 0.28%. MRF Ltd has risen around 0.13% in last one month.
Meanwhile, Nifty Auto index of which MRF Ltd is a constituent, has risen around 5.83% in last one month and is currently quoting at 25456.7, up 0% on the day. The volume in the stock stood at 4721 shares today, compared to the daily average of 6253 shares in last one month.
The PE of the stock is 35.63 based on TTM earnings ending June 25.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Mint
20 minutes ago
- Mint
Best stocks to trade today, recommended by NeoTrader's Raja Venkatraman
Investors breathed a sigh of relief on Wednesday as the Nifty 50 crossed 25,000 once again. But given the two-phased nature of the market, uncertainty remains, leaving investors guessing. Three stocks to buy or sell as recommended by Raja Venkatraman of NeoTrader for Thursday, 21 August FACT: Buy above ₹1,015 and on dips to ₹980, stop ₹965, target ₹1,125-1,150 CHALET: Buy at CMP and on dips to ₹965, stop ₹950, target ₹1,070-1,098 EMAMILTD: Buy at CMP and on dips to ₹606, stop ₹590, target ₹680-700 How the stock market performed on Wednesday Dalal Street extended its winning streak to a fifth straight session on Wednesday as investors cheered the government's plan to rationalise the Goods and Services Tax (GST). The Sensex climbed 213.45 points or 0.26% to close at 81,857.84, while the Nifty gained 69.90 points or 0.28% to settle at 25,050.55. Market breadth was positive, with 2,071 shares advancing, 1,588 declining, and 124 unchanged. The current rally also reflects optimism about pre-Diwali GST reforms that may stimulate demand for automobiles, FMCG, insurance, and select financial stocks. An improvement in India-China ties has buoyed sentiment. However, the rally depends on many factors, mainly US tariffs, so, investors are walking a tightrope. Outlook for trading The gap area highlighted yesterday continues to support the trends, which have been largely oriented towards trading rather than investing. From a trading perspective we can see on the daily charts that the gap support area has helped prices rebound. The gradual rise we saw last week is now set to continue as we trade into the weekly expiry today. The emerging trend clearly suggests that the rally last week was a holding the resistance zone and a gap-up opening ensured that the prices traded above that range. The move above 25,000 (Nifty Spot) signals a bullish bias. Momentum on hourly charts indicates that the market seems to have absorbed the selling pressure. However, we can expect the rise to remain hesitant as the bearish overhang continues. We continue to maintain short positions in the Nifty so long as 24,800 holds, viewing any sustained move below that level as a clear sign that bullish conviction is waning. What had previously been support around 24,500 has now shifted up to 24,800, while open interest peaking at 25,200 marks the next significant resistance zone. If the index breaks down from its current 30-minute range on Wednesday, we can pivot to two-way trades, but until then the trend remains in a tentative standoff. Geopolitical uncertainty still looms large, limiting the market's ability to muster strong directional moves, so be prepared to lock in gains quickly. At the same time, monitor FII/DII flow data for shifts in institutional sentiment, watch US yields and crude‐oil volatility for potential catalysts, leverage intraday volatility heatmaps to spot pockets of expanding risk, and consider short-tenor option structures—such as one-week iron condors—to capitalize on muted directional conviction. Options data suggests that PCR has now moved comfortably above 1, highlighting that the trends are showing intention to move higher. Steady put writing at 25,000 to 24,800 levels continues absorb the bearish bias and help the recovery. We must now watch out for multiple news triggers as global tariff threats, cautious investor sentiment, and domestic economic challenges have contributed to the sharp market decline and volatility in the rupee. Three stocks to trade today, recommended by NeoTrader's Raja Venkatraman Buy above ₹1,015 and on dips to ₹980, stop ₹965, target ₹,1125-1,150 CHALET (Cmp 998) Buy at CMP and on dips to ₹965, stop ₹950, target ₹1,070-1,098 EMAMILTD (Cmp 626.55) Buy at CMP and on dips to ₹606, stop ₹590, target ₹680-700 Raja Venkatraman is co-founder, NeoTrader. His Sebi-registered research analyst registration no. is INH000016223. Investments in securities are subject to market risks. Read all the related documents carefully before investing. Registration granted by Sebi and certification from NISM in no way guarantees performance of the intermediary or provide any assurance of returns to investors. Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before making any investment decisions.
India Today
30 minutes ago
- India Today
Pakistan extends airspace ban on Indian flights for another month
Pakistan on Wednesday extended its airspace ban on Indian aircraft until September 23. The Pakistan Airports Authority (PAA) issued a fresh NOTAM (Notice to Airmen) announcing the one-month extension, covering both civilian and military aircraft that are Indian-owned, operated, or leased."All aircraft operated by Indian airlines will not be allowed to use Pakistani airspace. The ban also remains in place for military and civilian aircraft that are Indian-owned or leased," the authority airspace closure was first imposed on April 23 for one month following the Pahalgam terror attack in Jammu and Kashmir, which killed 26 people. The initial ban barred Indian carriers from flying over Pakistan. India responded on April 30 with a reciprocal airspace closure for Pakistani aircraft, starting a series of tit-for-tat restrictions. The ban was first extended on May 23. In July, Pakistan further extended the closure until August 24, affecting hundreds of flights LOSES RS 1,240 CRORE IN AIRSPACE BANThe prolonged closure has hit Pakistan's aviation sector hard. According to Dawn, citing the Defence Ministry, the Pakistan Airports Authority lost over Rs 1,240 crore (PKR 4.1 billion) in just two months. The loss stemmed from transit charges as 100-150 Indian aircraft fly daily, cutting Pakistan's overflight traffic by almost 20 per Defence Minister Khawaja Mohammad Asif confirmed that the ban had caused significant revenue losses. "The closure has impacted our overflying charges and transit traffic severely," he restrictions have created major challenges for airlines, forcing longer routes that burn more fuel and stretch flight times. Carriers have also struggled with crew rotations and scheduling headaches, all of which are driving up operating costs.- EndsWith inputs from agenciesMust Watch
Time of India
31 minutes ago
- Time of India
Thiruvananthapuram South railway station upgrade gains momentum
Thiruvananthapuram: The redevelopment of Thiruvananthapuram South railway station (formerly Nemom) has entered a crucial phase, with nearly 60% of the sanctioned work complete. Tired of too many ads? go ad free now The project includes a modern coaching terminal and track doubling, both key to easing congestion at Thiruvananthapuram Central. According to railway sources, the modern station building's foundation is already 70% complete. "Platform shelters on the freshly constructed platforms 2 and 3 are now fully complete, while the shelters for platform 4 are about 75% finished. Construction is progressing steadily on the subway that will connect all platforms. At the coaching terminal, which will house facilities for parking and maintenance of trains, core earthworks and pit-line construction are nearly complete. Track doubling is set to be finished first, while the terminal itself is scheduled for commissioning by the end of 2026. The Union railway ministry has given the project high priority. Once complete, the station will function as a satellite hub, shifting a significant share of maintenance, stabling and operational load away from the overcrowded Central station. The upgraded plan now includes four platforms, two extra pit-lines, four stabling lines and a repair shed, offering facilities comparable to Central. During a Feb 2025 review visit, Union minister of state for railways V Somanna expanded the project's scope, reaffirming its importance in meeting the capital's long-term rail demands. The project, estimated to cost Rs 117 crore, is being built on railway-owned land, ensuring faster execution. Tired of too many ads? go ad free now Accessibility is also being addressed. A new approach road from the Karamana–Kaliyikkavila state highway has been cleared, with 1.84 acres sanctioned by the state govt. This is crucial since the current road is too narrow to handle expected traffic growth. The Union home ministry has also approved renaming Nemom station to Thiruvananthapuram South, aligning with efforts to streamline rail operations and station identities. Railway officials have stressed that the new terminal will be central to decongesting Thiruvananthapuram Central, enabling smoother train operations, better stabling capacity, and modernized maintenance facilities. Meanwhile, Southern Railway is carrying out upgrades across the region. At Thiruvananthapuram North (Kochuveli), work on the new station building, lifts, tactile paving and shelters is nearing completion. Redevelopment is also advancing at Neyyattinkara and Thiruvananthapuram Central, with timelines stretching through 2025 and 2026.
