MRF Share Price: The statistics of the last few years show that MRF has been growing steadily. This time in the second quarter of the current financial year up to November 3, the company made a profit of Tk 572 crore. Which was 124 crores at the same time last year.
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Kolkata: Has the title of the most expensive shares in the country. Currently, the price of each share is above 1 lakh. In August, the share price of MRF Ltd. (MRF Ltd.) rose above 1 lakh 11 thousand. Although this week it is between 1 lakh 5 thousand and 7 thousand. But, this share is giving investors a dividend of only Rs. Because of that, there is a lot of noise in Dalal Street. The practice is going on within social media as well. Meanwhile, the statistics of the past few years show that the MRF has gradually swelled. This time in the second quarter of the current financial year up to November 3, the company made a profit of Tk 572 crore. Which was 124 crores at the same time last year.
That is, the statistics show that the company’s profit has increased 5 times in just 1 year. A year ago at the same time where the company’s revenue was 5 thousand 719 crores, this time it increased by 6.5 percent. The figure stands at 6 thousand 88 crores. But, investors are still questioning why the company is paying so little.
Speaking of dividends, let’s take a look at Vedanta stock, a mining company. The current price of a stock of this company is around Rs.232. Stats say Vedanta’s dividend yield is 45.36 percent. This company has paid interim dividend 3 times between February and May so far this month. The total amount is 51 taka 50 paisa. Simply put, if you currently own 10 shares of this company, you are getting a dividend of Rs 515. That too in just 4 months.
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On the other hand, looking at the record of the last 5 years, it is seen that MRF Limited has never had a bad track record. A stock price of the company in November 2018 was above 66 thousand. Since then, the upward trend has continued. In January 2021, it went above 76 thousand. In May 2023, it went above 96 thousand.