The MRF, the first share to reach 80 thousand level, returns 550% in 5 years

The MRF, the first share to reach 80 thousand level, returns 550% in 5 years

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The stock of tire manufacturing company MRF reached a record Rs 80,000 on Wednesday. This is the first stock in the country which touched 80 thousand level. In fact, the company got the benefit of reducing the price of rubber in the domestic market. The stock has seen an increase of over 500% in the last five years. During this time, a stock has given a return of 550%. MRF stock has become the most expensive stock in the country, which is listed on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).

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 A stock of 80 thousand rupees

MRF has benefited from the reduction in the price of rubber in the domestic market. Since January, the rubber prices have dropped 9 percent. The stock of the company was open at a price of Rs 79,795.95 and in the half an hour the stock rose 0.38 per cent to Rs 80,099.95, which is an all-time high. On the NSE, the stock made 80,100 high.

 These are top 5 expensive stocks

company	Stock price
MRF	80,100 rupees
Eicher Motors	31,153.50
Page industries	24,850
3M India	20,690.95
Bosch Limited	19,600 rupees

Returned 5% Returns in 5 years

- MRF stock has given 550% returns in the last 5 years. On April 17, 2013, the value of the stock was Rs 12,306.55, which increased 550% to Rs 80,099.95 in five years.

That is, those investors who have invested 1 lakh rupees in FRF 5 years ago, their 1 lakh will now have become 5.50 lakhs. Since January this year, there has been an increase of 10 in the MRF stock.

Ahead of opportunity

Market expert Sachin Sarvade says that tire stocks have better outlook. Auto sales are expected to increase and the auto industry is expected to get boost from monsoon. Therefore, tire stocks may remain strong even further. 10% growth in stock can now be seen.