MRF share price breached the historic Rs 1 lakh-mark, reaching Rs 1,00,439.95 before sliding below Rs 1 lakh.

The surge in MRF's share price is attributed to its low equity base of Rs 4.24 crore and positive market sentiments.

MRF announced a fourth-quarter net profit of Rs 410.66 crore, a rise of 163 percent compared to the previous year.

The company paid a dividend of Rs 175 per share (1,750 percent) for the financial year 2022-23.

The market responded positively to MRF's fourth-quarter results, with a 2 percent increase in the share price.

The reduction in raw material prices contributed to MRF's improved profitability.

Crossing the Rs 1 lakh-mark showcases MRF's financial strength and investor confidence.

The achievement serves as a catalyst for future growth and development for MRF.

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Investors and stakeholders are optimistic about the future performance and potential opportunities for capital appreciation.

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