MRF Stock Clinched to Become The First Indian Stock to Touch 1 Lakh Per Share

First time in India, the Share price of a company came across the Rs 1 lakh mark on 13 June. MRF became the First Indian Stock to come across Rs 1,00300 Lakh to Mark per Share after its share jumped 1.07 percent in Stock market on 13 June.

MRF’s stock opened at Rs 99,500 on BSE, in case of its previous close of Rs 98,939.70 on Monday 12 June. MRF Stock Price is at its highest of all time of Rs 1,00,300 in morning trade on 13 June. It created history by this news because it is the Very First Time in India when the Stock Market has shown such remarkable growth.

MRF Stock: First 6 Digit India Stock per Share

The MRF (Madras Rubber Factory) also known as MRF tyres, was started by K. M. Mammen Mappillai began his journey as a toy balloon manufacturing subdivision in a shed in Madras in 1946. By 1949, the company was used to produce latex cast toys, gloves and contraceptives and ensconced its first office at 334, Thambu Chetty Street, Madras (now Chennai), Tamil Nadu, India.

The Company has Been Felicitated by many prestigious Accolades e.g. Ford Excellence Award MRF won the silver award and is the only Indian company to win this excellence Award, TNS Award MRF voted as the “Most Trusted” Tyre company in India by TNS in 2006 by CSR study.

MRF’s Expansion in various field: They have invested in a lot of meadow e.g. Sports, Rallying, Motocross (derived from the keywords Motorcycle and Cross country), and Karting