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mrf share price: India's highest-priced stock just got pricier; MRF shares hit Rs 1.5 lakh mark

In Wednesday's trade, MRF stock witnessed a total of 27,248 equity shares worth Rs 384.6 crore changing hands on NSE. Other than MRF's stock, Page Industries (Rs 37,770), Honeywell Automation India (Rs 37,219), 3M India (34,263) and Shree Cement (Rs 26,527) are other highest-priced stocks in India.

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MRF stock price today: India's highest priced stock hits Rs 1.5 lakh mark! | India Business News

India Business News: MRF, India's highest-priced stock, reached a new milestone by hitting a share price of Rs 1.5 lakh, marking the first time an Indian stock has achieve

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Breakout Stocks: How Tata Power, MRF and Bajaj Holdings look on charts for Friday

Sectorally, buying was seen in utilities, power, consumer durables and oil & gas while FMCG, metal and IT stocks saw some selling pressure.

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MRF Q2 Results: Profit soars 5x YoY to Rs 572 crore, dividend declared at Rs 3/share

The robust growth in net profit despite moderate revenue growth was on the back of a stark improvement in operational performance. The tyre makers earnings before interest, taxes, depreciation and amortization or EBITDA for the quarter rose more than twofold on year to Rs 1,129.09 crore. As a result, the operating margin expanded by a staggering 1,038 basis points to 18.55%.

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