Tyre main MRF Ltd., can be takes energetic half in automobile rally
| Photo Credit: Special Arrangement
Tyre main MRF Ltd. noticed its share price climb above the ₹1 lakh mark in intraday buying and selling on the BSE and NSE on Tuesday, making it the primary Indian stock to commerce above the six-figure mark.
The stock touched a brand new intraday excessive of ₹1,00,300 on the BSE, earlier than paring some positive factors to finish the day 1.02% increased at ₹99,950.65. On the NSE, MRF touched an intraday peak of ₹1,00,439.95.
Apart from making tyres, the 76-year-old MRF additionally has enterprise pursuits in paints, sports activities items, rally sports activities and toys. As of March, the promoters owned 27.8% of the corporate’s 4.24 crore fairness shares bearing a face worth of ₹10 every, with the remainder held by the general public.
The firm ended FY23 with a income of ₹22,578 crore and internet revenue of ₹816 crore. The firm’s board has really useful a dividend of ₹175 per share. As of Tuesday, the market capitalisation stood at ₹42,390 crore, in line with the BSE web site.
