Amazing work of tire manufacturing company, share worth Rs 11 reached a high of Rs 1.5 lakh - Newztezz Online

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Thursday, January 18, 2024

Amazing work of tire manufacturing company, share worth Rs 11 reached a high of Rs 1.5 lakh

The stock market continues to fall for the third day. But there is still a stock which has crossed Rs 1.5 lakh. The share of a company manufacturing water has made a new record in its name. The share of MRF, the most expensive stock in the stock market, has then reached its high of one year.

The stock market has continued to decline for the last 3 days. Despite this, the shares of a tire manufacturing company have made a new record. The share of MRF, the most expensive stock in the stock market, has reached its high of one year, when the price of one of its shares crossed Rs 1.5 lakh. However, today i.e. during the trading session on Thursday, there has been a slight decline in its share price. Let us tell you, once a share of MRF was priced at Rs 11, which has now become Rs 1,34,808.70. Let us tell you when the company has reached its lowest and highest.

most expensive stock

MRF has been India's most expensive stock for a long time. In June last year, for the first time the price of a share of MRF had exceeded Rs 1 lakh. In this way MRF also became the first Indian share whose price is in lakhs of rupees. MRF shares saw a rise of up to 10 percent during Wednesday's trading. With this speed, the price of one share crossed Rs 1.5 lakh.

Price reached new 52-week high

However, there was some correction in the price of MRF shares in later trading. After close of trading, MRF shares fell 1.46 per cent to close at Rs 1,34,600.05 on Wednesday. At the same time, on Thursday it opened at 136354 and during this period it reached a high of 1,36,599.80. On Wednesday, MRF shares had once reached Rs 1,50,254.16 in the day's trading. This is the new 52-week high level of MRF shares.

These are the other most expensive shares of India

Still in India, apart from MRF, no stock has reached the level of Rs lakh. Currently, the second most expensive share in India is that of Page Industries, whose price is Rs 37,770. At number three is Honeywell Automation India with a price of Rs 37,219 per share. After that, at fourth place is 3M India, whose share price is currently Rs 34,263. At number five is Shree Cement, one share of which is currently available for Rs 26,527.

The share was once priced at Rs 11

The introduction of MRF in the stock market was very common. At the beginning of 1993, the price of one share of MRF was only Rs 11. If someone had bought even 100 shares of MRF at that time, he would have become a millionaire.

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