MRF shares hit new high of Rs 78,234 per share

So far in the calendar year 2018, MRF shares have beat the market by gaining 8% against 0.1% decline in the S&P BSE Sensex.

Shares of MRF hit a new high of Rs 78,234, up 2% on the BSE. The stock of tyre company gained 13% or Rs 9,045 from its recent low of Rs 69,189 on March 23, 2018. On comparison, the S&P BSE Sensex was up 4.3% during the same period.

So far in the calendar year 2018, MRF shares have beat the market by gaining 8% against 0.05% decline in the benchmark index. In past nine consecutive calendar years, the stock had outperformed the market. Since January 2008, MRF zoomed 3,791% from Rs 2,003 against 252% rise in the Sensex.