MRF Share Price in 1990

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Looking at the MRF share price in 1990 retrospectively, it is interesting to see the fluctuations in value and to analyse what could have caused this. A share price is simply the value of one unit of a company’s stock and can be used to indicate how strong or weak the company is perceived by investors.

Trends over time can give shareholders, potential shareholders, and analysts an idea as to whether now might be a good time to buy or sell shares in a particular company. In this blog post, we will take a look at MRF’s stock price from 1990-2017 and investigate what could have been influencing these changes. We will also provide some commentary on our findings. Stay tuned!

What is MRF Share?

Multi-Rohr Fabrik (MRF) is a leading rubber company in India and was started as a joint venture with M/s. Mars Ltd. of UK and Rohr International Corp. of USA, MRF has developed into three companies, viz., Multi-Rohr Fabrik Rubber Company Limited , Madras Tyres Limited and Madras Refineries Limited.

Market Capitalization is the market value of a company’s outstanding shares. It is equal to the share price multiplied by the total number of shares outstanding for a particular company.

What was the MRF stock price worth in 1990?

Because of the paucity of historical data before 1995, there is no agreement on this.

A chart from Business Today, however, shows a price of ₹ 11 per share in April 1993.

MRF Share Price in 2000

The share price of MRF was ₹ 2530 per share in January 2000, before the Dot-com bubble burst. In the fall of 2000, the market collapsed – MRF dropped to a low of $401 per share on October 17th, 2001.

In just 18 months, the stock price has plummeted by 83 percent.

If you invested one lakh in MRF on January 1, 2000, the value of the 42 shares you’d receive would be just 17,000.

If you sold at or near the lows, though, remorse would be tremendous as the stock continued to rise.

MRF Stock Price Timeline:

• 2005 – Crossed ₹ 3000
• 2006 – Crossed ₹ 4000
• 2007 – ₹ 5000
• 2007 – ₹ 6000
• 2007 – ₹ 7000
• 2007 – ₹ 8000
• 2010 – ₹ 9000
• 2012 – ₹ 10000
• 2013 – ₹ 15000
• 2013 – ₹ 20000
• 2014 – ₹ 25000
• 2014 – ₹ 30000
• 2015 – ₹ 40000
• 2016 – ₹ 50000
• 2017 – ₹ 60000
• 2017 – ₹ 70000
• 2018 – ₹ 75000
• 2018 – ₹ 80000
• 2021 – ₹ 85000– 98599.95 (All Time High – Just short of 1 lakh)

More than half of the significant increases have occurred in a relatively short period. Note how the stock broke through 5000, 6000, 7000, and 8000 in October 2007 alone.

This was the era of the bull market, which was at its height. Every stock was doubling and tripling every day. In the euphoria of one of the most significant bull markets in history, some had given 50-100x returns.

In 2008, the firm suffered a calamity. However, MRF surpassed its previous peak in September 2010.

The price of Bitcoin rose from $1000 in March 2010 to a peak of $20,000 in December 2017 before declining.

After that, the stock remained in a lengthy consolidation period known as time correction.

As of 2021, the stock is up more than 975 percent. In under two weeks, it passed 85k, 90k, and 95k, respectively. It was just about to break the one-lakh barrier.