DISCLAIMER: This is a compilation of tweets being shared by netizens around the world. Times of India neither condones nor endorses any of the views shared in this article here.Tyre maker MRF on Tuesday reached a new milestone as its stock hit Rs 1 lakh mark during the day. The stock went up to Rs 1,00,300 -- also its 52-week high level -- on the BSE during the day. Shares of the company ended at Rs 99,950.65, a gain of 1.02 per cent. In intra-day, it climbed 1.37 per cent to Rs 1,00,300.
At the NSE, shares of the company advanced 1.48 per cent to hit a record high of Rs 1,00,439.95 during the day. It ended at Rs 99,900, up 0.94 per cent.
MRF shares have risen over 13 per cent and 46 per cent so far in 2023 and over the past year, respectively. On the contrary, the benchmark Sensex rose just about 20 per cent over the past year.
So far this year, the stock has rallied 12.89 per cent.
MRF commands one of the highest price quotations on the exchanges.
The other stock in the high price list is Honeywell Automation, with its shares quoting at Rs 41,200.75 on Tuesday.
Some other companies with high price tags are Page Industries (Rs 38,407.60), 3M India (Rs 27,068.65) and Shree Cement (Rs 26,138.05).
MRF, which started as a rubber balloon factory with a funding of Rs 14, 000 way back in the 1940s is now a multibillion company that produces tyres used in India and internationally. Besides tyres, it has a presence in paints and coats, toys, motorsports, and cricket training.
Meanwhile memes erupted on social media and netizens took pride in an Indian company touching Rs 1 lakh per stock value for the first time.
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