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MRF hits Rs 50,000 on BSE; most expensive on BSE in price terms

The stock can hit Rs 65,000 over the next two - three years, analysts say

Puneet Wadhwa  |  New Delhi 

MRF continued its journey north on Wednesday, with the stock rallying over 7% in intra-day deals to hit a new high of Rs 50,000 on the Bombay Stock Exchange (BSE) in intra-day deals. It finally ended the day a tad lower at Rs 49,734 levels, up 6.7% or Rs 3,135 levels. MRF is now the most expensive stock in price terms on the BSE.

On the National Stock Exchange (NSE), MRF hit an intra-day high of Rs 50,190 in intra-day trade before finally settling at Rs 49,955 levels. MRF has surged nearly 60% from its 52-week low of Rs 30,464 hit on June 24 in intra-day trade. The up move comes ...

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First Published: Wed, September 28 2016. 16:11 IST
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