If you want to buy can enter around 64300.
A retail investor should never buy MRF share.
MRF doesn’t have good dividend payout ratio.
If it improves to at least 10% over 3 year period, you can consider it.
Should I invest in MRF?
Based on these three factors, MRF makes for a strong long-term investment in the face of a fickle stock market. If you’re a risk averse investor, lining your portfolio with proven companies you’re willing to buy more and more of as the price falls, is a good strategy to build your wealth over the long run.
Why MRF share is so expensive?
MRF is the most expensive stock in the Indian equity market, which costs Rs 54,488 for one share. This is because MRF has never split its stock. The reason behind this can be that as the price of the share is high, a retail trader with small investment won’t be willing to buy MRF shares.
Is RIL a good buy?
Lower oil prices are positive for Reliance. However, due to the COVID-19 situation, despite low oil prices, oil demand is expected to contract this year. Though the brokerage is more cautious on energy earnings and debt reduction efforts, a sharp correction makes RIL a compelling buy.
Which are the best stocks to invest in India?
Macquarie’s Top 10 Best Bets
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Why MRF share is going down?
MRF which was trading around 80000 Rs one year ago, is trading at Rs 56000 today. A correction of about 30% in its stock. Now obviously this slowdown will reach the profit/loss and balance sheets of the MRF. This anticipation is bringing the price down of MRF.
What was price of MRF share in 1990?
MRF share price has touched over Rs 74,000-mark and is expected to reach even above Rs 80,000-level. Key Highlights: MRF has risen by over 148 times in 17 years. MRF has touched a high of Rs 74,100-per piece.