MRF Becomes India’s First 6-Digit Stock, Share Price Crosses Rs 1 Lakh Mark
The tyre manufacturer's stock has increased more than 45% over the past year and has recovered 81 percent from its low of Rs 55,000 in March 2020.
On Tuesday, when the stock started more than 1% higher, the share price of MRF finally reached the anticipated Rs 1-lakh threshold. At 9.25 am, the NSE was quoting MRF shares at Rs 1,00,050. The stock, however, had already crossed the Rs. 1 lakh threshold in May, although it was in the futures market. The tyre manufacturer's stock has increased more than 45% over the past year and has recovered 81 percent from its low of Rs 55,000 in March 2020. The stock reached a high of Rs 94,500 in December 2022 but was unable to hold that level. MRF Shares Climb over 2 Pc as Q4 Net Profit Jumps Two-fold.
#NewsAlert 🚨 MRF hits Rs 1 lakh, becomes India's first 6-digit stock.https://t.co/9VQRzXzwf3#MRF #Markets #MRFStock pic.twitter.com/DPMb3E2Lci
— Moneycontrol (@moneycontrolcom) June 13, 2023
(The above story first appeared on LatestLY on Jun 13, 2023 01:02 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).
