Technical Momentum Shifts Amid Mixed Indicator Signals
Overview of Price Movement and Market Context
MRF’s current market price stands at ₹1,54,400, slightly below the previous close of ₹1,55,967.55. The stock’s intraday range on the latest trading session fluctuated between ₹1,53,812.55 and ₹1,55,000, indicating a relatively narrow band of price action. Over the past 52 weeks, MRF’s price has oscillated between ₹1,00,500 and ₹1,63,500, demonstrating a significant range of volatility within the tyre manufacturing sector.
Comparatively, MRF’s returns have outpaced the broader Sensex benchmark across multiple time horizons. Year-to-date, the stock has recorded an 18.55% return against the Sensex’s 8.25%. Over one year, MRF’s return is 24.16%, substantially higher than…
