The MRF shares prices is high because the company has never split its stock to reduce the share cost. A single MRF stock is above Rs 70,000, making it one of the expensive stocks to invest in India.
Is it good to invest in MRF?
MRF’s value is building on investor expectations as well as strong fundamentals and future growth prospects. … MRF has the highest market capitalisation amid peers as well as enterprise value, followed by Balkrishna Industries, Apollo Tyres, CEAT and Goodyear India.
MRF Limited quote is equal to 76822.20 INR at 2022-01-17. Based on our forecasts, a long-term increase is expected, the “MRF” stock price prognosis for 2027-01-11 is 121027 INR. With a 5-year investment, the revenue is expected to be around +57.54%. Your current $100 investment may be up to $157.54 in 2027.
PREMARKET
| Shareholding Pattern – MRF Ltd. | ||
|---|---|---|
| Others | 1212928 | 28.6% |
| GeneralPublic | 679185 | 16.01% |
| FinancialInstitutions | 255938 | 6.03% |
| ForeignPromoter | 19171 | 0.45% |
Will MRF touch 100000?
The stock hit its lifetime high of Rs 80,000 in Tuesday’s trade, and settled at Rs 79,796 on the BSE. The stock is of course MRF, the most expensive stock on Dalal Street in terms of share price. Going by analysts’ view, the stock may soon touch the six-figure mark of Rs 100,000.
Is MRF debt free?
Company is virtually debt free. The company has an efficient Cash Conversion Cycle of 73.96 days. The company has a good cash flow management; CFO/PAT stands at 1.98.
Is MRF good for long term investment?
MRF’s Earnings Per Share Are Growing.
That means EPS growth is considered a real positive by most successful long-term investors. We can see that in the last three years MRF grew its EPS by 8.1% per year. That’s a good rate of growth, if it can be sustained.
MRF is the most expensive stock in the Indian equity market, which costs Rs 54,488 for one share. This is because MRF has never split its stock. Companies split their stock time to time to maintain liquidity. But MRF has never resorted to share splitting or issuing bonus shares.
MRF currently has the highest share price in India among all the companies listed on BSE/NSE. The all-time high share price of MRF is Rs. 96,973. The stock is currently trading at a standalone PE of 26.96.
MRF share price in 1990 was around 320 Rupees. MRF Share price in 1990 was around 320 Rupees. But now MRF share price is around 97000 Rupees.
What is full form of MRF?
MRF (Madras Rubber Factory) is India’s No. 1 tyre manufacturing company. It was started in the year 1946 by K M Mammen Mappillai as a small toy balloon unit.