MRF share prices touches 1 lakh per share.
MRF share prices today.
MRF share prices touches 1 lakh per share: Tire brand MRF share price becomes India’s most expensive share to buy: First ever to reach 1,00,000 per stock Headquartered in Chennai, company was established in 1946.
If you had bought MRF stock 20 years ago, you would have received exponential gains. The shares of MRF were the first Indian firm to achieve this in absolute value terms when they increased from 1,175 on June 13, 2003, to an all-time high of 21,00,300 on June 13, 2023.
The stock market investors who held onto their MRF shares after its initial public offering on local exchanges have amassed multi-million dollar fortunes. The most expensive stock in the nation has given investors returns of more than 9,00,000% over the past 30 years, going from 11 per share on its initial public offering on April 27, 1993, to 100,300 intraday today.
Investment of 1 lakh in this largecap stock 30 years ago would have turned out to be around ₹91 crore at present.
Despite having a high share price, MRF trails several other stocks in terms of important valuation indicators, including market capitalization, the price-to-earnings ratio (P/E ratio), and the price-to-book value (P/BV) ratio.
MRF share price at ₹1 lakh: An investment of ₹1 lakh 20 years ago would have turned into ₹85 lakh today.
MRF share prices touches 1 lakh per share: Simply said, despite what the aforementioned measures often show, MRF’s high share price does not necessarily mean that the stock is the most expensive.
Unlike the majority of blue-chip stocks, MRF is one of the select few stocks that has never undergone a stock split or bonus issue. For the fiscal year that ends in March 2023, MRF declared an equity dividend of 1,500%, or Rs 150 per share, based on the share’s nominal value of Rs 10. The dividend yield at the present share price of Rs. 1 lakh is hence 0.15%.
MRF share prices touches 1 lakh per share: There are 42,41,143 shares outstanding in the Chennai-based business, of which 30,60,312 are held by public shareholders, accounting for 72.16% of the total equity. 11,80,831 shares, or 27.84% of the stock, are held by the promoters.
MRF’s market capitalization as of Wednesday was Rs 42,390 crore, which is not even enough to qualify it for inclusion in the top 100 Indian firms that are publicly traded. With an M-cap of Rs 16.8 lakh crore, Reliance leads this coveted category, followed by TCS at Rs 11.8 lakh crore and HDFC Bank at around Rs 9 lakh crore.
MRF share prices touches 1 lakh per share: MRF stock would have given you hefty returns if you had invested in this stock 20 years ago. The shares of MRF have risen from ₹1,175 on June 13, 2003, to an all-time high of ₹1,00,300 on June 13, 2023, representing a multibagger return of 8,436 per cent over the past 20 years. This means if you had invested ₹1,00,000 in MRF 20 years ago, your investment would have risen to ₹85.36 lakh by now.
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. As of the closing of the previous session, the stock is up 50 per cent from that level.
If we see the last 10 years’ data, the stock has outperformed the benchmark Sensex seven times. The stock underperformed the Sensex from 2018 to 2021. For the year 2023 so far, MRF shares are up about 12 per cent against a 4 per cent gain in the benchmark Sensex.
MRF share prices touches 1 lakh per share: 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.
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