Key Points
The MRF share price, of face value of Rs 10, breached the Rs 1 lakh-mark,to touch a historic Rs 1,00,439.95,before slidingto below Rs 1 lakh..
At the time ofwritingthis report, the MRF share is trading at Rs 99,969.95, up Rs1,001.40(1.01per.
MRFs soaring share price is attributed to itsextremely low equity base Rs 4.24 crore.The promoter group holds 27.84 per cent of it.For 2022-23, the company paid Rs 175 a share (1,750 per cent) as dividend...
The fourth quarter net accounted for half of the full-years net profit of Rs 816 crore.That day, the MRF share price rose 2 per cent (Rs 4,908.10) to close at Rs 93,505 cueing apossible jumpacross the Rs 1-lakh high-bar...
The company had attributed thegood resultsto easing of raw material prices.The companys Managing Director, Rahul MammenMapillai, had toldbusinesslinethat the reduction in commodity prices has led to a decline in raw material cost for this quarter, which helped to improve our profitability..
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