MRF(Madras Rubber Factory) is one of the largest manufacturers of tires in the country and the sixth-largest globally. The company has gained notoriety for its great product and bizarrely high share prices.
This article gives you a quick overview of why the MRF share price is high? And should you invest in the stock?
Why MRF Share Price Is So High?
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 Investing In MRF Good?
MRF is the leading brand when it comes to the tire market segment, dwarfing the competitors’ in-sight. Historically the stock has outperformed the market due to its strong fundamentals and great ROE(Return on Equity). The stock has also gained notoriety and mystique, making it more attractive to the stock. MRF stock is a good long-term investment as it frequently hits 52 weeks high and is on the rise.
Who Holds Most Of MRF Shares?
MOWI Pvt Ltd is a hedge fund company that is by far the company’s largest shareholder. They currently own a sizable 12 percent of the MRF shares, and the rest is divided between the general public, some large shareholders.
Will MRF Touch 100000?
MRF stock reached Rs 96,973 on Feb 10, 2021, and caused rampant speculation that the stock would hit 1 Lac rupees. Given the stock’s strong fundamentals, inflation and market climbing up, it’s highly likely MRF will touch Rs 1,00,000 in the future.
Can I Buy 1 Share Of MRF?
Yes, you can buy one share of MRF and then hold it or sell the stock. However, given the high cost, it’s important to be careful and avoid losses given the high stakes.
Which Is The Costliest Share In India?
MRF is one of the costliest shares in India due to the larger market cap, and no stock splits.
