The Next Stock to Cross Rs 1,00,000 After MRF?

This performance translates to a 28.21 per cent CAGR, surpassing MRF’s 25 per cent CAGR

What do Sachin Tendulkar, Virat Kohli, and AB de Villiers have in common? Tired of guessing? While all three are undoubtedly great players, one interesting thing they share is the “MRF” sticker on their bats. Madras Rubber Factory Limited (MRF) is not only renowned for manufacturing tyres and its association with great sportspersons but also for its impressive performance in the Indian stock market. MRF is the costliest stock in the Indian market, and it made history as the first Indian listed company to cross the six-digit milestone of Rs 1,00,000 per share as of June 2023.

MRF’s stock has delivered substantial gains, achieving a 25 per cent CAGR over the last two decades. From a close of Rs 1,398 in July 2004, the stock has surged to Rs 1,28,951 as of July 5, 2024. This remarkable growth has positioned MRF as a benchmark for costliest stocks  in India.

After MRF, the second most expensive stock in the market is Honeywell Automation India Ltd. Similar to MRF, Honeywell Automation has not issued any bonus shares or split its shares. Honeywell Automation India is a leader in providing integrated automation and software solutions, including process solutions and building solutions. It boasts a diverse product portfolio in environmental and combustion controls, sensing and control, and engineering services in automation and control for global clients.

The share price of Honeywell Automation has grown from Rs 399 to Rs 57,481 over the last two decades. This performance translates to a 28.21 per cent CAGR, surpassing MRF’s 25 per cent CAGR. 

The Path to Rs 1,00,000

Hypothetically, if Honeywell Automation continues with its 28.21% CAGR, it would take approximately 2.23 years for the stock to grow from Rs 57,481 to Rs 1,00,000. Based on this projection, the stock is expected to hit Rs 1,00,000 around September 28, 2026.

Honeywell Automation’s stock is up by 56.27 per cent this year and has risen by 13.63 per cent in the last month alone.

Will Honeywell Automation be the next to cross the coveted Rs 1,00,000 mark?

Disclaimer: The article is for informational purposes only and not investment advice.