MRF SHARE PRICE FROM 1990 TO 2024

In this article we will provide the information related to the MRF Share Price from 1990 to till now and we will provide the historical share prices of MRF from the year 1990 to 2024, unveiling the fascinating trajectory of India’s most expensive stock.

MRF, full form refers to “Madras Rubber Factory,” is an esteemed Indian multinational corporation that specializes in the manufacturing and distribution of rubber-based products.

Since its inception in 1946, MRF has significantly expanded its operations beyond Indian borders.

MRF SHARE PRICE JOURNEY: 1990 TO 2024

We embark on a time-travel journey through the share price history of MRF, spanning over three decades. These figures offer a glimpse into the evolution of MRF’s stock performance.

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MRF SHARE IN 1990

A MODEST BEGINNING AT 332 RUPEES

In 1990, the journey commenced with MRF’s share price at 332 Indian Rupees.

Little did the market anticipate the remarkable growth it would achieve in the years to come.

MRF SHARE IN 2000 

THE MILESTONE OF 2820 RUPEES

By the year 2000, the cost of a single share of MRF had escalated to 2820 Rupees.

This was a significant milestone, signifying the company’s growing prominence.

2010 – MARKING 6595 RUPEES

A decade later, in 2010, MRF’s stock exhibited substantial growth, with each share commanding a price of 6595 Rupees.

This upward trajectory continued to captivate investors.

 

2015 – THE MONUMENTAL LEAP TO 40288 RUPEES

By the year 2015, MRF’s share price had skyrocketed to a monumental 40288 Rupees.

This remarkable surge cemented MRF’s reputation as an exceptional investment opportunity.

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MRF INDIA’S MOST EXPENSIVE STOCK

MRF holds the prestigious title of being India’s most expensive stock in the Indian stock market.

On January 1, 2023, the company’s share price was an astounding 94402 Indian Rupees, further solidifying its status as an icon of the Indian stock market.

 

1 LAKH TO 2.8 CRORE: AN INVESTMENT JOURNEY

To truly appreciate the extraordinary growth of MRF’s shares, let’s consider an example.

Suppose an investor had allocated 1 lakh Rupees in MRF shares in 1990, when the share price stood at 332 Rupees.

Fast forward to today, and this investment has burgeoned to an approximate value of 2.8 crore Rupees. This astounding journey signifies the wealth-generating potential of MRF shares, which translated to an increase from 100,000 to 28,434,337 Rupees over the years.

 

UNVEILING THE IDENTITY OF MRF

MRF, which traces its origins back to 1946, was founded by K. M. Mammen Mappillai.

The company’s headquarters are located in Chennai, Tamil Nadu, India. The acronym MRF stands for “Madras Rubber Factory.” As the largest tyre company in India, MRF boasts a broad spectrum of manufacturing capabilities, specializing in tyres for two-wheelers, cars, trucks, and off-road vehicles.

FUNDAMENTAL INSIGHTS INTO MRF SHARES

For those interested in exploring the investment potential of MRF shares, it’s essential to gain a fundamental understanding of the company and its stock.

Here are some key aspects to consider:

Ticker Symbol:

MRF is listed on the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) in India. Its ticker symbol on both exchanges is “MRF.”

Market Capitalization:

The market capitalization of a company is calculated as the sum of the market values of its outstanding shares.

To obtain the most accurate and up-to-date information regarding MRF’s market capitalization, it is advisable to refer to the latest market data or financial news sources.

Dividends:

MRF may distribute dividends to its shareholders based on its profitability and the decisions of its board of directors.

Dividend payments can vary from year to year and are typically announced during the company’s annual general meeting.

For the latest information on MRF’s dividend policy, it is advisable to refer to the company’s official announcements or consult with a financial advisor.

Stock Price Performance:

MRF’s stock price can fluctuate based on various market factors, including investor sentiment, industry trends, and company-specific news.

Therefore, conducting a thorough analysis of the company’s fundamentals, industry dynamics, and market conditions is essential before making any investment decisions.

Analyst Coverage:

MRF is a widely followed stock, and numerous financial analysts and research firms provide coverage and analysis of the company.

These reports offer valuable insights into MRF’s performance, future prospects, and potential risks. Investors can refer to these reports to gain a better understanding of the company’s fundamentals and make informed investment decisions.

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MRF SHARE PRICE FAQs

Q: What was the stock price of MRF in 1990?

In 1990, the share price of MRF was 332 Rupees.

Q: What was the share price of MRF in 1993?The share price of MRF in 1993 was 925 Rupees.

Q: What was the price of MRF in 2000?

The share price of MRF in 2000 was 2820 Rupees.

Q: What is the face value of MRF shares?

The face value of MRF shares is 10 Rupees.

Q: Was MRF listed in the Indian stock market in 1980?

No, MRF was not listed in the Indian stock market in 1980.

Q: Which stock holds the title for the highest share price in India?

Madras Rubber Factory (MRF) claims the title of having the highest share price in India.

Q: What was the highest share price ever recorded for MRF?

The highest share price recorded for MRF was 1,13,439.30 Rupees on October 17, 2023.

Video Credit: Stock Market Live

FINAL WORDS

the journey of MRF shares from 1990 to 2024 showcases not only remarkable growth but also the enduring legacy of one of India’s most esteemed companies.

As India’s most expensive stock, MRF continues to be a symbol of excellence in the Indian stock market.