Basic updates of MRF Share Price in 1990
Everyone wants to know about the MRF share price in 1990 but on the internet there are nothing exact details about the price to which mrf was traded back in 1990. Still we have tried to gather the best information we get about MRF share price in 1990 in this post.
Basic Updates: MRF, India’s largest tyre manufacturer company was established before the independence of India. Not much earlier of it but still in 1946 i.e. 1 year earlier of our independence. However, the company turned public company 15 years after it’s foundation.
In 1961, MRF went public and issued 5,00,000 shares to the public. Those who took part in the IPO and got the share and kept till now then there is no surprise that they would be multi-millionaire, multi crorepati.
MRF Share Price in 1990
Traders Adda Prime Highlights:
- MRF has risen by over 148 times in 17 years
- MRF has touched a high of Rs 74,100-per piece
- Analysts have increase MRF target price further
One viewer, Ravi, on Zee business, asked a query regarding this. He told that his grandfather had bought 20,000 shares of MRF in the year 1990 and the has the relevant physical certificate as proof. Now he wants to know where to sell it. OMG ROFL.
Simply put, his grandfather’s investment in MRF is now worth Rs 130 crore!
There are a lot of curiosity in the traders and investors since they watched the video of CNBC caller who had been holding the share of MRF since 1990 and of course it is in crores now. But, on the internet, the MRF share price in 1990 has very fewer resources. So, in this article, we have compiled everything you need to know about MRF share price in 1990.
MRF Share Price in 1995
We did lots of research and found that last figure which is available on the internet is that of 1995.
Reports We got from the sources on the internet
Our Analysis: As per the report of equitymaster, Ravi has got 180000% return and 32% CAGR in 26 years since 1990.
So, if we reverse calculate CAGR on 68000 price at 32% CAGR and 26 years, the price we get is 50 RS.
You can try yourself at CAGR calculator, put initial investment at 50 Rs, CAGR 32% and No. of year at 26 years and you will get the 68000 massive figure.
So, as per above calculation, MRF share price in 1990 would be around 50 Rs.
MRF Share price in 2001: In 2001, it still traded at modest Rs. 500 levels or so. In the past 16 years, it has delivered astronomical annualized returns of 35%, trading at nearly Rs. 62,000 per share today – making the purchase of even a single share out of reach of many new investors. (source)
Remember, MRF has not splitted its share till date. If FV is still Rs 10. The bonus issues of MRF has come only twice, once in 1970 and later in 1975.
We are still digging the internet for the updates of MRF share price in 1990, subscribe to our updates to get notified when we provide an update of MRF share price in 1990.
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