MRF shares reached a 52-week peak of INR99,933.50 ($1,356) before closing at INR97,750 ($1,324), falling short of the coveted INR100,000 mark by INR66.50 ($0.90). Over the last three trading sessions, the stock saw almost 11% growth and gains of over INR10,000 per share. MRF outperformed the Nifty50, delivering more than 37% returns compared to the 9% returned by the 50-stock index. Technical analyst Nilesh Jain said MRF was set to surpass the INR100,000 mark and could test levels of INR105,000, although he cautioned against fresh buying at higher levels.
Market Trading Guide: Maruti Suzuki, NMDC among top 6 stock recommendations for Monday
Indian equities tracking positive global cues ended higher on the last trading day of the week. Nifty at the close edged higher by 0.25% to