June 14, 2023

MRF @ Rs 1 lakh: Is the highest-priced stock the most expensive one?

On June 13, the price of a single share of MRF hit the Rs 1-lakh mark during the day, the first share in Indian stock market history to do so. But that of its competitor Apollo Tyres Ltd is priced at only Rs 408. That is, MRF's share price is around 245 times that of Apollo’s. A radial tyre for a