Prakash Gaba of prakashgaba.com told CNBC-TV18, "One should continue holding MRF. Maybe it will see Rs 1,00,000; let us see if it is heading towards Rs 1,00,000, it is already Rs 69,000 and Rs 70,000 is very close by. It is a matter of time, it will go up. Structure is positive, no sign of weakness."
At 15:07 hrs MRF was quoting at Rs 70,348, up Rs 2,018.90, or 2.95 percent on the BSE.
The share touched its 52-week high Rs 74,100 and 52-week low Rs 33,674 on 13 June, 2017 and 30 June, 2016, respectively.
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