Shares of MRF extended gains for the sixth trading session in a row on the bourses. Soon after reaching the landmark, the counter, however, pared gains, and by 2 pm, the stock was trading at Rs 1,37,711, up 0.8% from the previous close on the NSE.
The tyre shares were the first in India to achieve this landmark price. MRF has one of the most expensive shares of India and now buyer happy.
Divy Nandan, 20, who enjoyed a great start in the first race for a comfortable win, finished the day with a third-place finish in the next outing starting from P6. Sai Sanjay, also 20, made amends for a disappointing first race with a fine win in the next starting from P4.
The company's standalone net profit from continuing operations fell over 32% to Rs 123.99 crores for the three months ended September 2022 as compared to Rs 183 crores a year earlier.
