MRF stock would have given you hefty returns if you had invested in this stock 20 years ago.
MRF became the first Indian stock to touch the rupee one lakh per share mark on Tuesday (June 13). MRF shares hit their 52-week low of ₹65,900.05 on BSE on June 17, 2022.
For the year 2023 so far, MRF shares are up about 12 per cent against a 4 per cent gain in the benchmark Sensex.
The current market capitalisation of the stock is near ₹42,000 crore and the latest shareholding data shows, promoters have decreased holdings in the company from 27.87 per cent in December 2022 quarter to 27.84 per cent in March 2023 quarter.
MRF is the stock with the highest price tag in India.The second company on the list is Honeywell Automation, whose shares were sold today for Rs 41,152.
In the last 3 months, the stock with a market capitalisation of around Rs 42,500 crore has rallied over 20%.
MRF’s stock opened today at Rs 99,500 on BSE, against its previous close of Rs 98,939.70 on Monday. After that, MRF’s share price touched an all-time high of Rs 1,00,300 in morning trade.