MRF shares are doing business close to 52 weeks high
Dividend Stock: All companies in the Indian stock market are releasing their financial results one after the other and announced dividends for shareholders. In this series, the legendary company MRF, which makes tires of vehicles, has also announced a thick dividend for its shareholders. The MRF said in an exchange filing on 7 May that the company’s board has recommended a final dividend of Rs 229 (2290 percent) on each stock with a face value of Rs 10 for FY 2024-25.
The company has paid interim dividend 2 times before this
MRF said in the exchange filing that the company had earlier given an interim dividend of Rs 3-3 to its shareholders 2 times. In addition, in FY 2024-25, shareholders will be given a total dividend of Rs 235 on a stock. Let us tell you that the list of MRF is among the most expensive shares in the list of list in the Indian stock market. On Friday, MRF shares closed at Rs 1,37,736.65 on BSE. On May 7, the company’s shares closed with a good increase at a price of Rs 1,40,420. However, on 8 May and 9 May, the company’s shares declined.
MRF shares are doing business close to 52 weeks high
Despite the recent fluctuations in the company’s shares, they still remain around their 52 weeks high. The 52 week of MRF shares is Rs 1,43,598.95, while its 52 week is Rs 1,00,500.00. According to BSE data, the current market cap of this major tire -making company is Rs 58,416.08 crore. MRF is the largest tire company in the country in terms of market cap. Apart from MRF, Ceet, Apollo Tire and JK Tires are also the country’s major tire manufacturing company.
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