India’s most expensive share MRF put new all -time high, price reached 6.28% and reached so on

India’s most expensive stock MRF LTD’s share price reached a new all -time height on Tuesday. The MRF stock closure at the level of 1,53,943.90 at the end of the trading by jumping 6.28 percent on BSE. The company’s stock per share and ₹ 9093.55 rose on Tuesday as compared to the previous business. The company’s stock opened near ₹ 144950.05 in the morning, while the previous shutdown of the stock (Monday) was recorded at ₹ 1,44,850.35 on BSE.

Because of this support received

It is expected that proposed Goods and Services Tax (GST) reforms may also apply to these companies. This hope has arisen after the Automotive Tire Manufacturers Association (ATMA) demanding the government to consider in this context. The ATMA government has urged the government to extend GST reforms to tire manufacturers, so that the tire industry can benefit. After this, investors showed enthusiasm and shares gained momentum.

On Monday, the ATMA has urged the government to reduce the GST rate on automotive tires from the current 28 percent to 5 percent. It also said that tires should not be classified as luxury goods due to their significant cost effects on major areas such as transport, agriculture, mining and construction.

Every 10th year has increased strongly

In the year 1990, the price of MRF shares was just Rs 332, which continued to wave the flag of success on his journey. In the year 2000, the company’s stock ran to Rs 2820 per share. Similarly, in the year 2020, the company’s stock price reached ₹ 70,964. It is worth noting that in the last 5 years the share price has crossed more than Rs 1.5 lakh. From this, it can be guessed at what speed the company continued to succeed and became one of the most expensive stocks in the country.

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