MRF Share stands out as one of the most expensive shares on the Indian stock market. Many new and intermediate traders and investors dream of having acquired MRF shares at an earlier stage, given today’s high prices. In this blog, we have highlighted the journey of MRF stock from 1991 to 2024.
What Is History of MRF Company?
- MRF was founded by K. M. Mammen Mappillai as a toy balloon manufacturing unit in 1946 in Tiruvottiyur, Madras (now Chennai).
- In 1952, the company expanded into tread rubber manufacturing.
- The name MRF originates from its early days as Madras Rubber Factory, which was incorporated as a private company in November 1960. It began producing tires in collaboration with Mansfield Tire & Rubber Company.
- MRF went public on April 1, 1961.
- In 1979, Mansfield Tire & Rubber Co sold its stake, and the company’s name was changed to MRF Ltd.
MRF IPO Price.
The specific date of MRF IPO is not widely documented, but the company went public in the late 1961.
MRF Share Price History.
Investing in MRF shares means purchasing a stake in the company, which is publicly traded on the Bombay Stock Exchange (BSE) and the National Stock Exchange of India (NSE) under the ticker symbol “MRF”. In 1979, after Mansfield Tire & Rubber Co sold its stake, the company was renamed MRF Ltd.
The MRF company share price was not listed in the Indian Stock Market in 1980. Knowwing the exact share price of MRF between 1979 to 1990 can be challenging due to limited digital records from that period.
MRF Share Price History From 1991 To 2024.
According to the Bombay Stock Exchange (BSE) record for MRF Share, the MRF Share price details are available from 1991 to 2024.
In 1991, the MRF Share was valued at ₹25, marking the lowest price for that year. On the other end, the all-time high for MRF Share reached approximately ₹1,50,000, showcasing an outstanding return of around 6,03,900 percent for investors over the last 30 years.
The following MRF share price provide an overview of how MRF stock performance has changed yearly from 1991 to 2024.
| Year | Open Price | High Price | Low Price | Close Price |
|---|---|---|---|---|
| 1991 | 36 | 44 | 25 | 31 |
| 1992 | 30 | 1800 | 22 | 25 |
| 1993 | 24.5 | 31 | 11 | 15 |
| 1995 | 1825 | 1900 | 1650 | 1750 |
| 1996 | 2490 | 3550 | 2450 | 2850 |
| 1997 | 2875 | 3250 | 1825 | 1933.25 |
| 1998 | 1949 | 2875 | 1320 | 1430 |
| 1999 | 1430 | 2950 | 1416 | 2187.7 |
| 2000 | 2298 | 2820 | 840 | 1217.1 |
| 2001 | 1255 | 1255 | 541.05 | 551.65 |
| 2001 | 659 | 836 | 455 | 710.35 |
| 2002 | 709 | 1000 | 676 | 900 |
| 2003 | 910 | 2551 | 842.05 | 2301.15 |
| 2004 | 2275 | 2825 | 1285.5 | 2420.15 |
| 2005 | 2454 | 3485 | 2275.05 | 2750.95 |
| 2006 | 2780 | 4785 | 2025.2 | 4303.5 |
| 2007 | 4329 | 8955.55 | 3100 | 7220.65 |
| 2008 | 7300 | 7300 | 1650.6 | 2002.45 |
| 2009 | 1981.4 | 6899 | 1501 | 6034 |
| 2010 | 6100 | 9812 | 5485 | 7207.6 |
| 2011 | 7270 | 7950 | 5332 | 6991.35 |
| 2012 | 6964.6 | 12832.95 | 6471.6 | 12806.85 |
| 2013 | 12879.95 | 20235 | 11011 | 19372.15 |
| 2014 | 19350 | 39500 | 18600 | 37882.9 |
| 2015 | 38052.35 | 46405.35 | 31374.4 | 39497.7 |
| 2016 | 40000 | 54600.65 | 30464.25 | 48781.15 |
| 2017 | 48789 | 74499 | 48780.65 | 72348.15 |
| 2018 | 72500.1 | 81423 | 59494.6 | 67088.25 |
| 2019 | 66940.75 | 67425 | 51850 | 66327.75 |
| 2020 | 66327.75 | 81000 | 50000 | 75712.4 |
| 2021 | 76171.5 | 98575.9 | 68719.9 | 73293.55 |
| 2022 | 73500 | 95954.35 | 62944.5 | 88531.1 |
| 2023 | 88751 | 130065 | 81390.95 | 129565.4 |
| 2024 | 130250 | 151283.4 | 123215 | 130917.45 |
MRF Share Price in 1991
In 1991, MRF share prices opened at ₹36, touched a high of ₹44, and dropped to a low of ₹25 before closing the year at ₹31. This year marked the early stages of MRF’s market journey during India’s economic liberalization, reflecting moderate volatility and investor caution.
MRF Share Price in 1992
1992 was a historic year for MRF shares, which opened at ₹30 and surged to an unprecedented high of ₹1800 before closing sharply lower at ₹25. The dramatic spike and fall were driven by extreme market volatility.
MRF Share Price in 1993
MRF’s share price in 1993 started at ₹24.5 and fluctuated between a high of ₹31 and a low of ₹11, ending the year at ₹15. This decline reflected market corrections following the previous year’s turbulence, with subdued investor sentiment.
MRF Share Price in 1995
In 1995, MRF stock showed resilience, opening at ₹1825 and reaching a high of ₹1900 before closing at ₹1750. The stock maintained strength throughout the year, signaling a recovery phase and renewed interest from long-term investors.
MRF Share Price in 1996
MRF shares displayed strong bullish momentum in 1996, opening at ₹2490 and climbing to a high of ₹3550 before settling at ₹2850. This surge underlined the company’s growing reputation in the Indian tyre sector and improving fundamentals.
MRF Share Price in 1997
In 1997, MRF stock opened at ₹2875 and experienced fluctuations with a high of ₹3250 and a low of ₹1825, closing at ₹1933.25. The wide trading range reflected market uncertainties and profit-booking pressures despite a strong opening.
MRF Share Price in 1998
MRF share price performance in 1998 was marked by high volatility. The stock opened at ₹1949, peaked at ₹2875, and dropped to ₹1320, eventually closing at ₹1430. Investor sentiment was affected by macroeconomic concerns and market corrections.
MRF Share Price in 1999
MRF stock showed a strong rebound in 1999, opening at ₹1430 and hitting a high of ₹2950 before closing at ₹2187.7. The impressive recovery demonstrated investor confidence returning, driven by improving business performance and broader market optimism.
MRF Share Price in 2000
In 2000, MRF shares opened at ₹2298 and reached a high of ₹2820, but market weakness pushed the stock to a low of ₹840, with a closing price of ₹1217.1. This year reflected the impact of the global tech bubble and domestic economic challenges.
MRF Share Price in 2001
MRF stock faced another volatile year in 2001, with two recorded data points. It opened at ₹1255, but after reaching a high of ₹1255 and a low of ₹541.05, it closed at ₹551.65. In the second half, it opened at ₹659 and ended higher at ₹710.35, indicating some recovery amid economic uncertainty.
MRF Share Price in 2002
MRF share prices in 2002 showed a strong upward trend. The stock opened at ₹709 and climbed to a high of ₹1000, with a low of ₹676, closing the year at ₹900. This performance reflected gradual economic revival and improved investor sentiment.
MRF Share Price in 2003
In 2003, MRF shares had an exceptional rally. Starting at ₹910, the stock soared to ₹2551 and closed at ₹2301.15. The bullish trend reflected robust earnings and positive market conditions, making it a standout year for MRF investors.
MRF Share Price in 2004
MRF stock maintained momentum in 2004, opening at ₹2275 and rising to ₹2825, with a low of ₹1285.5. The year ended with a strong closing of ₹2420.15, driven by sustained demand and positive market fundamentals.
MRF Share Price in 2005
The year 2005 was positive for MRF shares, which opened at ₹2454 and surged to ₹3485, eventually closing at ₹2750.95. Investor confidence remained high as the company expanded its market reach and product offerings.
MRF Share Price in 2006
In 2006, MRF continued its growth trajectory. The share price opened at ₹2780 and shot up to ₹4785 before closing the year at ₹4303.5. This upward movement was driven by strong earnings and rising demand in the automotive sector.
MRF Share Price in 2007
2007 marked a phenomenal year for MRF stock. Starting at ₹4329, the share price hit an all-time high of ₹8955.55 before closing at ₹7220.65. The bullish sentiment was fueled by India’s booming economy and rising auto sales.
MRF Share Price in 2008
The global financial crisis took a toll on MRF in 2008. After starting the year at ₹7300 and maintaining that as the peak, the stock plummeted to a low of ₹1650.6, closing at ₹2002.45. This sharp correction mirrored broader market declines worldwide.
MRF Share Price in 2009
MRF shares staged a significant comeback in 2009, opening at ₹1981.4 and reaching a high of ₹6899, before closing at ₹6034. The recovery highlighted resilience amid improving economic conditions post-recession.
MRF Share Price in 2010
MRF stock continued its upward journey in 2010, starting at ₹6100 and climbing to a high of ₹9812, with a closing price of ₹7207.6. This performance was driven by strong quarterly results and increased demand for auto components.
MRF Share Price in 2011
In 2011, MRF shares showed moderate movement. Opening at ₹7270, the stock touched ₹7950 before falling to a low of ₹5332 and ending at ₹6991.35. Market volatility and inflation concerns impacted investor sentiment.
MRF Share Price in 2012
MRF share prices soared in 2012. Beginning at ₹6964.6, the stock jumped to a high of ₹12832.95 and closed the year at ₹12806.85. This bullish run was fueled by robust earnings and favorable industry trends.
MRF Share Price in 2013
2013 saw MRF stock continue its stellar growth. The share price opened at ₹12879.95 and peaked at ₹20235 before closing at ₹19372.15. Positive investor outlook and strong financials contributed to the impressive rally.
MRF Share Price in 2014
In 2014, MRF shares experienced explosive growth. From an opening of ₹19350, the stock climbed to ₹39500 and closed the year at ₹37882.9. This remarkable performance reflected investor confidence in the company’s long-term prospects.
MRF Share Price in 2015
MRF shares maintained momentum in 2015, starting at ₹38052.35 and hitting a high of ₹46405.35 before closing at ₹39497.7. The company continued to benefit from strong demand and consistent financial performance.
MRF Share Price in 2016
The year 2016 was marked by exceptional growth for MRF. The stock opened at ₹40000, rose to ₹54600.65, and closed the year at ₹48781.15. Continued business expansion and steady earnings supported this bullish trend.
MRF Share Price in 2017
In 2017, MRF shares showed outstanding performance. Opening at ₹48789, the stock surged to ₹74499 and closed at ₹72348.15, reflecting growing investor trust in the company’s leadership and market dominance.
MRF Share Price in 2018
MRF stock in 2018 saw a mix of volatility and correction. Starting at ₹72500.1 and peaking at ₹81423, it dropped to ₹59494.6 before ending the year at ₹67088.25. Market headwinds and sectoral rotation influenced the stock movement.
MRF Share Price in 2019
In 2019, MRF shares remained relatively range-bound. The stock opened at ₹66940.75, reached a high of ₹67425, and closed the year slightly lower at ₹66327.75. Despite steady fundamentals, market caution capped upside potential.
MRF Share Price in 2020
Despite pandemic-led volatility in 2020, MRF shares showcased resilience. Opening at ₹66327.75, the stock dipped to ₹50000 but rebounded to a high of ₹81000 and closed at ₹75712.4. The strong recovery signaled the brand’s robust fundamentals.
MRF Share Price in 2021
MRF share price in 2021 reflected moderate consolidation. The stock opened at ₹76171.5 and reached a high of ₹98575.9, before closing at ₹73293.55. Supply chain disruptions and input costs affected sentiment.
MRF Share Price in 2022
In 2022, MRF shares regained traction. Opening at ₹73500, the stock surged to ₹95954.35 and closed strong at ₹88531.1. Investor optimism returned on the back of sector recovery and improved earnings.
MRF Share Price in 2023
2023 was a landmark year for MRF. Starting at ₹88751, the stock hit a record high of ₹130065 and closed the year near peak at ₹129565.4. Strong financials and robust market sentiment propelled the stock to new heights.
MRF Share Price in 2024
In 2024, MRF shares continued to impress. Opening at ₹130250 and touching a high of ₹151283.4, the stock closed the year at ₹130917.45. This performance reaffirms MRF’s stature as one of India’s most valuable and consistent stocks.