Amidst all-round market selling, India’s most expensive stock made an unmatched record on Wednesday. MRF shares, which had recently crossed Rs 1 lakh, touched Rs 1.5 lakh in the trading on the third day of the week.
The Rise Reached Till This Point In Intraday
MRF has been India’s most expensive stock for a long time. In June last year, the price of a share of MRF exceeded Rs 1 lakh for the first time. In this way, MRF also became the first Indian share whose price is in lakhs of rupees. During Wednesday’s trading, MRF shares rose to 10 per cent. With this speed, the cost of one share crossed Rs 1.5 lakh.
Price Reaches New 52-Week High.
However, there was some correction in the price of MRF shares in later trading. After the end of trading, MRF shares fell 1.46 per cent to close at Rs 1,34,600.05 on Wednesday. At one point, MRF shares had reached Rs 1,50,254.16 in the day’s trading. This is the new 52-week high level of MRF shares.
These Are The Other Most Expensive Shares Of India
Still, apart from MRF in India, no stock has reached Rs lakh. Currently, the second most expensive share in India is that of Page Industries, whose price is Rs 37,770. Number three is Honeywell Automation India, with a price of Rs 37,219 per share. After that, in fourth place is 3M India, whose share price is currently Rs 34,263. At number five is Shree Cement, one share of which is now available for Rs 26,527.
It Crossed 50 Thousand In 2016
MRF shares have increased by about one and a half per cent in the last five days. The most expensive share has become expensive by about 13 per cent in a month. Its price has increased by 32 per cent in 6 months, while its price has increased by 50 per cent in one year. MRF’s share has strengthened by 105 per cent in 5 years. Its market cap is currently Rs 57,270 crore. This share achieved a price of Rs 50 50,000 for the first time in 2016.
