MRF: First Indian Stock To Cross Rs 1-Lakh Mark In A Day

The MRF shares cross the threshold of Rs 1 lakh in a single day's trading today, June 13, 2023. The company is the first one to do so on Indian bourses so far. The stocks opened at Rs 99,500 on the BSE and touched a new high of Rs 1,00,300 in the morning trade. It Is currently trading at Rs 99,754.65, marginally up by 0.82% over the previous day's closing.

MRF is the largest tire manufacturer in India and has a strong presence in the export markets as well. The company's products are sold in over 100 countries.

There are a number of factors that have contributed to the rise in MRF's share price. The company has been performing well financially. The recent rally in MRF shares has made it the most expensive stock in India.

It has a market capitalization of Rs 42,326.61 crore. Some of the other expensive stocks are Honeywell Automation, Page Industries, 3M India, Shree Cement, Abbott India, Nestle India and Bosch.

Scrip Movement

In that last one year, the share price of MRF has rallied by 45.5% while in the last three years, it has surged by 58.22%. Today, the auto stock has touched a new 52-week high of Rs 1,00,300 and its 52-week low is at Rs 65,900.05.