MRF Share Price From 1990

If You invest 1 Lakhs in MRF tire stock in 1990 Then The current investment value made you a millionaire. In this article, I will show you MRF Share Price From 1990 to 2023 so let’s get started without wasting any time.

Table of Contents

Introduction

MRF Tyres is a leading manufacturer of tires in India. It was founded in 1949 by K. M. Mammen Mappillai and has since grown to become one of the largest tire manufacturers in the world. MRF Tyres produces a wide range of tires for cars, trucks, buses, motorcycles, and other vehicles.

The company is known for its high-quality tires and its commitment to innovation. MRF Tyres has a strong research and development team that is constantly working to develop new technologies that can improve the performance of its tires.

The company also has a global network of distributors that ensures that its tires are available in over 100 countries.

Latest MRF Tyres Share Price

The share price of MRF Tyres Ltd. closed at ₹98,390.95 on June 9, 2023, up by 1.35% from the previous day’s close of ₹97,553.10. The stock’s 52-week high is ₹99,933.50 and its 52-week low is ₹65,878.35. The company’s market capitalization is ₹41,172 crore.

MRF Share Price From 1990 to 2023

Year	Price
1990	332
1991	350
1992	735
1993	925
1994	2000
1995	2500
1996	1820
1997	3300
1998	2742
1999	2930
2000	2710
2001	1249.95
2002	1000
2003	2550
2004	2822
2005	3500
2006	4800
2007	8968
2008	7340
2009	6890
2010	9824
2011	7950
2012	12850
2013	20225
2014	39499
2015	46399
2016	54650
2017	74500
2018	81425.95
2019	67467
2020	70964
2021	96456
2022	77255
2023	98262

MRF’s Stock price in 1990 was 332 Rupees. The Share price of MRF in 2000 was 2820. Its share price in 2010 was 6595. MRF’s share price in 2015 was 40288 rupees and in 2020 MRF’s share price was 70964 rupees and now its price is around 98290 rupees.

Key factors that are driving the growth of MRF Tyres:

Strong demand for tires in India: The Indian automotive industry is growing rapidly, and this is driving the demand for tires. MRF Tyres is the market leader in India, and it is well-positioned to benefit from this growth.
Focus on innovation: MRF Tyres is constantly investing in research and development, and this is helping the company to develop new technologies that can improve the performance of its tires. This focus on innovation is helping MRF Tyres to maintain its competitive edge.
Global reach: MRF Tyres has a global network of distributors, and this ensures that its tires are available in over 100 countries. This global reach is helping MRF Tyres to grow its business and to reach new markets.

Full Form of MRF

I bet you there are 70-80% of people who don’t know the MRF tire Full form. Madras Rubber Factory is the full-form MRF and is India’s most expensive stock in the Indian stock market currently traded at around 98290 rupees.

1 Lakh to 3 crore

let’s Think If you or any investor invests 1 lakh rupees in MRF shares in 1990. At the current time, the investment value is around 3 crore rupees [100000/332= 310 shares] [310×98290=3,04,61,220].