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MRF (BOM:500290) 6-Month Price Index : 1.13 (As of May. 31, 2024)


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What is MRF 6-Month Price Index?

6-Month Price Index is an intermediate-term momentum that shows the price change relative to 6-month ago. It’s calculated by current share price divided by share price 6-months ago. As of today (2024-05-31), MRF's 6-Month Price Index is 1.13.

Competitive Comparison of MRF's 6-Month Price Index

For the Auto Parts subindustry, MRF's 6-Month Price Index, along with its competitors' market caps and 6-Month Price Index data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

MRF  (BOM:500290) 6-Month Price Index Calculation

6-Month Price Index is calculated as following:

6-Month Price Index=Current Share Price / Share Price 6-Months Ago

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

MRF  (BOM:500290) 6-Month Price Index Explanation

Price Index (PI) also called momentum. Strategies involving Price Index are also known as momentum strategies as they allow investors to profit from a company’s stock price. 6-Month Price Index is an intermediate-term momentum that shows the price change relative to 6-month ago.

The investment strategy for momentum investors is to buy winners and sell losers. That is, buy stocks that performed well and sell stocks that performed poorly in the past.

MRF 6-Month Price Index Related Terms

Thank you for viewing the detailed overview of MRF's 6-Month Price Index provided by GuruFocus.com. Please click on the following links to see related term pages.

MRF (BOM:500290) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » MRF Ltd (BOM:500290) » Definitions » 6-Month Price Index
Comparable Companies
NSE:SCHAEFFLER BOM:500493 NSE:BALKRISIND BOM:500530 BOM:532539 BOM:543300 NSE:ZFCVINDIA NSE:MOTHERSON NSE:SUNDRMFAST BOM:543498 TSE:6902 MBLY TSE:5108 APTV XPAR:ML ISX:ASII XKRX:012330 TSX:MG SHSE:600660 XTER:CON
Traded in Other Exchanges
MRF:India
Address
No. 114, Greams Road, Chennai, TN, IND, 600 006
Website
https://www.mrftyres.com
MRF Ltd makes and sells rubber products, including tires, tubes, tread rubber, conveyor belts, and building and floor coatings. The firm's tires are used for automobiles, commercial trucks, and farm equipment. The company sells tires under the MRF brand name. MRF also operates multiple retail stores that sell tires and offer services. Stores under the MRF TireRok brand offer wheel alignment and air conditioning repair. MRF Musclezone stores offer tire servicing for commercial vehicles. MRF Tyredom stores offer a wheel alignment and car washes. The majority of revenue comes from India.

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