MRF: From ₹1200 To ₹1 lakh in 22 years If you had invested ₹1200 in MRF shares in 2001, you would have become a lakhpati by 2023. Sounds unbelievable, right? But that’s the power of compounding and long-term investing. MRF, the leading tyre manufacturer in India, has created history on Dalal Street by becoming the first Indian stock to touch ₹1 lakh per share mark on June 13, 2023. MRF has been a consistent performer in the stock market, delivering a whopping 8,233% return in the last 22 years. That means your money would have multiplied by 83 times if you had held MRF shares since 2001. The stock has also outperformed the benchmark indices Nifty 50 and BSE Sensex, which have given 1,050% and 1,100% returns respectively in the same period. MRF’s phenomenal growth story is driven by its strong brand value, diversified product portfolio, wide distribution network, robust financial performance and visionary leadership. The company has maintained its leadership position in the ...

Chennai, May 17, 2023: MRF Limited, one of India's leading tyre manufacturers, has announced that it will acquire up to 19.10% stake in First Energy 4 Pvt Ltd, a renewable energy company, for an estimated sum of ₹13.09 crore. The acquisition is in line with MRF's commitment to sustainability and its goal of reducing its carbon footprint. First Energy is in the process of developing a ground-mounted, grid-connected solar power plant with a total installed capacity of 38.2 MW AC. Once the plant is commissioned, it will generate approximately 54 million units of electricity per year, which will be used to meet MRF's captive power requirements. The acquisition will help MRF to reduce its reliance on conventional energy sources and achieve its sustainability goals. It will also help the company to save on its energy costs and improve its bottom line. About MRF Limited MRF Limited is one of India's leading tyre manufacturers. The company was founded in 1949 and is...

CEAT, MRF and Apollo Tyres: The Top Performers in the Tyre Industry The Tyre industry has witnessed a remarkable recovery in the past year, thanks to the lower raw material costs, higher demand from the auto sector, improved product mix and pricing power, and increased exports. Among the Tyre companies, CEAT, MRF and Apollo Tyres have emerged as the top performers in terms of profit growth and share performance. In this blog post, we will look at how these three companies have achieved their stellar results and what are their future prospects. CEAT: Five-Fold Jump in Q4 Profit CEAT Ltd reported a more-than-five-fold increase in its consolidated net profit to Rs 134 crore ($16.40 million) in the fourth quarter ended March 31, 2023, from Rs 25.25 crore a year ago1. The company’s revenue from operations rose by 24% year-on-year to Rs 2,279 crore, while its earnings before interest, tax, depreciation and amortization (EBITDA) margin expanded by 470 basis points to 1...