MRF’s marketcap is at ₹42,262 crore, but with 4 million outstanding shares, its per share price remains high. The stock has given 44% returns in the last one year, and has been on an uptrend since this May. A report by Anand Rathi expects its volumes to grow at 6% and revenues at 10% over FY23-25. AdvertisementAdvertisementIf you want to invest in MRF, one of India’s leading tyre manufacturers, you will have to cough up ₹1 crore for 100 shares. Though each share of this company is worth around ₹1 lakh and it is also true that it has rallied 900% since 2012.

Source: Economic Times June 13, 2023 08:24 UTC