MRF Achieves Milestone: First Indian Stock to Reach Rs 1 Lakh per Share
MRF Achieves Milestone: First Indian Stock to Reach Rs 1 Lakh per Share
13 Jun 2023
13 Jun 2023
MRF Tyres is a prominent tire manufacturer in India and globally, with a long-standing presence since its establishment in 1946.
image credi goes to respective owner
The company offers a diverse range of tires catering to various vehicles, terrains, weather conditions, and performance requirements, prioritizing customer-specific needs.
image credi goes to respective owner
MRF has become the first Indian stock to reach the Rs 1 lakh per share mark, signifying a significant milestone in the Indian stock market.
image credi goes to respective owner
The surge in MRF's share price is attributed to strong demand for its tyres in both domestic and export markets, allowing the company to pass on rising raw material costs and maintain its margins.
image credi goes to respective owner
MRF's strong financial performance, including a 20% increase in net profit for the financial year 2022-23, has boosted investor confidence, making it a favorite among investors.