Best performing tyre company stocks in the last one year!

Renowned tyre maker MRF Limited has hit an outstanding valuation of Rs 1 lakh per share today, marking an important milestone for the Indian stock market. This success is a turning point in the company’s history and is a testament to both its robust growth trajectory and the trust of investors. 

Consistent performance, innovation, and a strong market presence have been hallmarks of MRF’s march to the Rs 1 lakh milestone. Consumers and investors alike favour the business because of its unwavering dedication to quality and client satisfaction. 

With this outstanding accomplishment, MRF demonstrated its resiliency and capacity to change with the dynamics of the market, solidifying its position as a market leader. The company’s outstanding financial results and strategic moves have raised its stock to unprecedented heights and drawn long-term investors. 

MRF Ltd (MRF), India’s largest manufacturer of automotive tyres and tubes, was incorporated as a private limited company in 1960 to take over the business of a partnership firm ‘The Madras Rubber Factory’. Over the years, the company has established a country-wide dealer network and enjoys strong brand equity.  

Let’s compare MRF’s stock performance with its peers in the last one year.

Shares of Apollo Tyres gained about 115% which was the highest among these stocks. While CEAT was the second highest with about 110% gain. And shares of JK Tyre gained about 81%. However, Balkrishna Industries stock only gained about 8%, while MRF stock gained 44%. 

In terms of numbers (Rs 1 lakh), MRF has stood as the most expensive stock in the history of the Indian stock market, but in terms of returns Apollo Tyres has returned 115% in one year.