Investment tips: 1 lakh invested, 1.28 crore received, how to get a decent return in 20 years? | Mrf stock price update shares gives return of 13000 percent in 20 years
Today we are going to tell you about a stock that has given investors a whopping 13,000 percent return over the last 20 years. (MRF stock price update shares gives return of 13000 percent in 20 years)
Mumbai: Every day new funds are coming up to invest in the stock market. As a result, most investors in the stock market are looking for a stock that can make them rich instantly. But the first and most important rule of investment is that you have to wait a long time to get a good return. Often the stocks that give you the opportunity to make a lot of money in a short period of time carry risk. But it is relatively easy to get high yields with low risk in the long run. Today we are going to tell you about a stock that has given investors a whopping 13,000 percent return over the last 20 years. (MRF stock price update shares gives return of 13000 percent in 20 years)
It is currently the most expensive stock in the Indian stock market. The stock is called Madras Rubber Factory (MRF). These stocks have dominated the stock market for the last two decades. The main reason for this is that over the last 20 years, this stock has given huge returns to investors.
12,800 percent return in 20 years
In June 2001, the MRF share price was Rs 640.65 per share. Now, on June 15, 2021, the company’s share price has risen to Rs 82,638. This means that the stock has returned about 12,800 percent.
This means that if a person bought one lakh shares of this company in June 2001 and they have not sold it yet. So he will now get a refund of Rs 1.28 crore.
Some information of MRF company
MRF Company is a tire company based in Chennai, Tamil Nadu. It is the largest tire manufacturer in India. It still has a good hold in the Indian tire market. The company’s tires are sold to most two-wheelers. It ranks among the top 3 companies in everything from truck and bus tires to passenger vehicle tires.
The bulk of the company’s revenue comes from sales of truck and bus tires. In addition, passenger vehicle tires and two-wheeler tires account for a good share of the revenue.
What is the net profit?
Over the last 20 years, MRF’s annual net profit has grown at a rate of 20 per cent. The company had a net profit of Rs 31.74 crore in FY 2001, which has increased to Rs 1,277 crore in FY 2021. Thus, the annual sales of the company’s products have increased by 11 percent in the last 20 years.
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(MRF stock price update shares gives return of 13000 percent in 20 years)
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