MRF which stands for “Madras Rubber Factory” is the largest tire manufacturer in India and whereas, 6th largest producer in the world. They are popular because of their rubber quality of tires. a lot of people search MRF share price just to see where it started by searching a very popular query on google which is “MRF share price in 1990“. People search for it because there is a viral video on the internet about a grandfather who bought 20,000 MRF shares in 1990 are now over 1 billion.
Another main reason for MRF, always staying in limelight is its high share price, as MRF share is one of the most expensive shares in the Indian Stock Market.
In this post, you can see the history of MRF share price from 1990 to the present 2022 in India.
Table of Contents
MRF share price history 1990 to 2022
|Years||MRF share price 1990 to 2022 (yearly average)|
All above mentioned MRF share price history is from 1990 to 2022 and those prices are approximate not 100% correct because there is no such table provided by MRF(INDIA) or any other source which can clearly display MRF share price in 1990. Now bellow is MRF share price 2022.
MRF share price in 2022
In 2022, While the above screenshot was taken at that time MRF’s share price was 72,064 Indian rupees.
- The 52-week high for MRF share is 87,550 INR.
- The 52-week low for MRF share is 63,000 INR.
- The dividend Yield is 0.15% for MRF shares.
|Year||MRF share price in 2020|
|2020||Around 81,000 INR|
In 2020, MRF’s share price was around 81,000 Indian rupees. In 2020, the price of this share dropped to 50,000INR because of covid19.
|Year||MRF share price in 1990|
|1990||Around 5 INR|
MRF share price in 1990 was around 5 INR. Till now, this share has given a return of over 1000%. People who invested in 1990 in MRF made a lot of profit and they are very rich now. Some investors are still holding MRF shares since 1990 as they trust in the company’s fundamentals. Back in 1990, When MRF share price was around 5 rupees one person (Grandfather) bought nearly 20,000 shares and now its value is over 1 billion.
MRF share price in 1993
|Year||MRF share price in 1993|
MRF share price in 1993 was rupees 11 approximately. Now MRF today’s price is over 66,000 INR which is over 6,00,000% in 28 years.
|Year||MRF share price in 1995|
In 1995, MRF share price was trading around 1546 Indian rupees, which was recordable growth in 5 years.
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|Year||MRF share price in 1980|
|1980||Rs 0 (Not traded on BSE)|
Why MRF Share Price is So High?
The only reason for such a high price is less number of shares. In addition to this, the company has never divided shares means cutting 1 share into many shares. Do you want to know more about Why MRF share price is so high? check here
Who holds most of MRF shares?
The largest MRF shareholder is a hedge company named “MOVI Pvt ltd” this company holds around 12% of MRF shares rest of them are the held by the general public.
Yes, anyone with a trading account can buy, hold, or sell MRF shares at any time. The main issue with buying only 1 share is you might need to pay high brokerage fees and while buying only 1 share, we “Moneyjacks.com” highly recommend you calculate your risks.
Will MRF Touch 100000?
Well on 10 FEB 2021, MRF share was trading at nearly 97,000INR in India then covid19 came up and the whole market Indian Stock Market crashed. After a hard landing now market is slowly climbing up so, maybe in the future, you might see MRF share price surpassing 100000 in India.
Is Investing in MRF stock Good?
Yes, as per past records, MRF stock has given tremendous returns to its shareholders. In MRF share, Mostly those shareholders are in profit who holds the stock for a very long time for example 1990 to 2022. and if you do day trading then still you can make money from MRF stock if you know how to read charts.
One and only till now MRF (Madras Rubber Factory). its price started in single digits and now its price is in 5 digits.
Why MRF share is so Expensive?
In the above post, we discussed MRF share price in 1990 which was around 5 INR as well as in some other years like 2022, and 2020. Apart from that to sum up this post we would like to share some facts about MRF with you:
- Company Founder: K. M. Mammen Mappillai
- Company age: 76 years, founded in 1946
- Headquarters: Chennai, Tamil Nadu, India
- Main Products: Tyres, Toys, Sports equipment, Conveyor belt, Paints, Coats
- Service area: Worldwide
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