MRF becomes first Indian stock to cross Rs 1 lakh mark

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Chennai-based tyre maker MRF on Tuesday passed a new Dalal Street milestone as it became the first stock to cross the Rs 1-lakh-price mark.

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 Its shares hit a 52-week intraday high of Rs 1,00,300 on Tuesday as the stock rose nearly 2%, ending the day at Rs 99,988 on the BSE.

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Tendulkar, and other cricketers like Virat Kohli, had endorsed the MRF brand for over a decade. In mid-June of the year when Sachin Tendulkar retired, the MRF stock was trading at around Rs 14,300. Now, it's worth Rs 1 lakh today.

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