Do you actually want to know why the MRF share price is so high? If yes, than read this article till the end In this article you will find MRF share price in 1990 and more information related to MRF shares.
Quick Overview of MRF Company: MRF in full form is Madras Rubber Factory and they are the sixth largest tire manufacturer in the world and the largest in India. The company came into lime light due to its quality products and its high share price.
Table of Contents
Why is MRF share price high?
The MRF share price is so high due to the low number of shares and the company has not split any MRF shares to reduce the share price. Currently one MRF part costs more than 74,000 which makes MRF part also expensive part.
What is the most valuable part of India?
MRF is the most expensive part of India It is currently trading at over 74,000 INR MRF shares are more expensive because they never split their shares and their market capitalization is huge.
Will MRF touch 100000?
Yes, it may touch 100000 in near future On 10 February 2021, MRF share price touched its all-time high of 96,000 INR and there were reports that it will soon touch 100,000 but then it falls. The fundamentals of MRF shares are very strong, however it can be speculated that MRF shares may break the day again in the future and create a new high of over 1 lakh.
Is it good to invest in MRF?
Yes, investing in MRF is good because of many reasons, MRF is one of the popular and top notch brand of tires in India and their quality is amazing and people trust their products. If you check the historical data of this share, MRF has outperformed the stock market due to its ROI and strong fundamentals. Being an expensive share, the stock has also gained a lot of popularity, people love to flex MRF shares just to say yes I own 1 MRF share. Overall, everything is good with this company at the moment so investing with long term view is safe and good in MRF.
Can I buy 1 share of MRF?
Yes, you can buy 1 part of MRF All you have to do is open a trading account with any broker and then you can easily buy 1 share of MRF. But be careful with this stock as it is a very expensive part of the market and may have high volatility which can lead to huge losses for you.
Who holds the majority of MRF shares?
MOWI Pvt Ltd holds majority of MRF shares which are popular hedge fund companies MOWI Pvt Ltd holds 12% stake in MRF and the rest is held by some large shareholders and the general public.
What was MRF share price in 1990?
| Year | MRF share price in 1990 |
|---|---|
| 1990 | Around 5 rupees |
In 1990, the MRF share price was around Rs 5, and now in 2022 it is worth more than 74,000. The stock has become a multi-bagger for long-term holders Many early investors have become millionaires because of these gem stocks.
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Conclusion:
In the above post we discussed MRF share price so high? And discussing MRF share price in 1990 with some light cutting whether it is good to invest in MRF share and whether I can buy 1 MRF share. We hope you liked this article We recommend you to visit other pages about Indian stock market to increase your knowledge about investing.
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