Archive · 3 Jun 2025
MRF Regains Title of India's Most Expensive Stock
MRF, a tire manufacturer, has reclaimed its position as India's most expensive stock, surpassing Elcid Investments.
MRF shares are trading at a higher price than Elcid's, marking a strong recovery.
Elcid briefly held the top spot due to a special auction but has since fallen.
Elcid's price decrease is linked to the decline in the value of its Asian Paints stake.
In contrast, MRF's high price is backed by solid earnings, reporting a net profit of Rs 498 crore in March 2025.
The price of a stock doesn't always reflect its value, but MRF's high price also comes from a low number of outstanding shares.
MRF has surpassed Elcid Investments to become India's highest-priced stock.
MRF shares were trading at Rs 1,38,100 as of June 3, 2025.
Elcid Investments' share price has declined from its peak in November 2024.
Elcid briefly led due to a special call auction.
MRF's high price is supported by strong earnings and fewer outstanding shares.
- Who
- MRF and Elcid Investments
- What
- MRF has regained the title of India’s highest-priced stock.
- When
- As of June 3, 2025, and in recent months
- Where
- India
- Why
- MRF's gains were backed by strong earnings, whereas Elcid's decline was caused by a decline in Asian Paints.
Elcid Investments
MRF
Price Drivers
Elcid Investments
Briefly boosted by a special call auction and holdings in Asian Paints.
MRF
Supported by strong earnings and fewer outstanding shares.
- MRF Share Price (June 3, 2025)
- Rs 1,38,100
- Elcid Investments Share Price
- Rs 1,29,300
- Elcid's Record High (November 2024)
- Rs 3,32,399.95
- Elcid's Market Capitalization
- Rs 2,584 crore
- MRF Net Profit (March 2025 Quarter)
- Rs 498 crore
- MRF Revenue (March 2025 Quarter)
- Rs 6,944 crore
- Elcid Stake in Asian Paints (October 2024)
- Rs 3,616 crore
- Elcid Stake in Asian Paints (Current)
- Rs 2,775 crore
