New milestone! MRF shares cross ₹1,00,000 per share; up 900% in just 11 years

Tyre manufacturer and India's most expensive stock, MRF, became the first Indian company to cross ₹1,00,000 per share, its highest-ever level. The stock rose as much as 1.5 percent to its intra-day high of ₹100,439.95 on NSE.

Strong Q4 earnings propel eight large and mid-cap stocks to new record highs; check the list

Shares of MRF, one of the largest tyre manufacturers in India, surged over 1.30% during the previous trading session to register a new record high of ₹99,933.5 apiece. At current levels, the MRF stock is the most expensive one in India.

Falling raw material costs lift Tyre stocks; analysts expect margin recovery

Domestic brokerage firm Motilal Oswal Financial Services believes that moderation in raw material (RM) prices will boost the margin recovery of tyre manufacturers. WTI crude futures fell 8.09% to $73.77 a barrel. Brent crude futures dropped 8.56% to $78.56 a barrel.

MRF drops 7% after profit margins hit by high costs

MRF's overall expenses increased as a result of higher raw material prices, which reduced profit margins. During the second quarter, total expenses jumped by 21.86% to ₹5,345.7 crore, compared with ₹4,386.7 crore in the corresponding period last year.

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markets

New milestone! MRF shares cross ₹1,00,000 per share; up 900% in just 11 years

markets

Strong Q4 earnings propel eight large and mid-cap stocks to new record highs; check the list

markets

Falling raw material costs lift Tyre stocks; analysts expect margin recovery

markets

MRF drops 7% after profit margins hit by high costs