POEM On MRF Share History
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In the realm of stocks, where fortunes are told,
MRF's share price, a tale to unfold.
From a humble face value of Rs 10,
It soared to heights, beyond reach, and then again.
Breaching the historic Rs 1 lakh-mark,
A milestone crossed, leaving its mark.
At Rs 1,00,439.95, it shone bright,
But soon descended from that lofty height.
Now, at Rs 99,969.95 it trades,
A fluctuating path, where fate pervades.
A rise of Rs 1,001.40, a modest gain,
A 1.01 percent increase, a hopeful refrain.
While NIFTY, the index, climbs skyward too,
Up 93.05 percent, a remarkable view.
MRF's soaring price owes its flight,
To its equity base, incredibly light.
With a mere Rs 4.24 crore at hand,
The promoter group's stake takes a stand.
Holding 27.84 percent, a substantial share,
Investors' dreams buoyed by this affair.
For 2022-23, dividends flowed,
At Rs 175 per share, a hefty load.
A generous payout, 1,750 percent strong,
Rewarding shareholders who've held on for long.
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In May, results unveiled, an anticipated sight,
MRF's net profit soared, reaching new heights.
From Rs 156.78 crore, a year before,
To Rs 410.66 crore, a rise to adore.
A 163 percent surge, an impressive feat,
The fourth quarter's success, hard to beat.
Half of the full-year's profit it did hold,
At Rs 816 crore, a fortune untold.
With raw material prices showing ease,
MRF's success, this factor did appease.
The decline in costs, a boon to behold,
Improved profitability, as the story is told.
Rahul Mammen Mapillai, the Managing Director's voice,
Echoes the triumph, as a wise choice.
Commodity prices' reduction, a driving force,
Enhancing the company's profitability course.
So, as MRF's share price embarked on a climb,
It stirred hopes and dreams, an upward rhyme.
With every twist and turn, the market's sway,
Investors watch eagerly, their fortunes at play.
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