MRF Stock: Today, for the first time in the history of the Indian stock market, a stock has touched the mark of Rs 1 lakh per share and it is the share of MRF. Out of the 10 most expensive stocks in the world, this is the only stock from India. Madras Rubber Factory i.e. MRF has done this feat and today this stock has also crossed the mark of Rs 1 lakh per share with a strong jump in the speed of the market.
Although this stock is not the most expensive stock in India according to PE. This stock has got the title of most expensive stock in terms of price, but according to PE, this stock is not the most expensive stock in the country.
MRF share price
MRF shares showed a level of Rs 1,00,043.80 with a rise of Rs 1,075.25 or 1.09 per cent shortly after the market opened and were trading with a sharp decline on the BSE.
The opportunity came in May as well
Earlier in May, MRF’s share in the spot market was only Rs 66.50 behind from touching the Rs 1 lakh mark. However, on May 8, the MRF stock has touched the psychological level of Rs 1 lakh in the futures market.
What is the story of the beginning of this company
In the year 1946, when KMM Mappilai set up a small plant named Madras Rubber Factory. At that time this company used to make balloons for children to play.
read this also
