Shares of the South Indian company surged by Rs 18,000 in a single session, making investors rich in a short span of time.

Multibagger Stock 2024 : Global cues may see a gap up opening when the stock market opens today Tuesday after a long weekend. Nifty closed at 21572 on Saturday. Although the Nifty formed a bearish engulfing candle on the daily chart on Saturday but the way the global markets are looking it doesn't look like this bearish engulfing candle will activate.

This engulfing candle will be considered active only if Nifty somehow breaks the level of 21570 but the way the market sentiments are looking at the moment may open upwards due to which Nifty will not go below 21571 level and this candle will not be activated.

Shares of MRFLtd rose 5.93 percent to close at Rs 1,45,750.80 in the special trading session on Saturday, an increase of Rs 8163 from its previous closing price. That is, this stock has increased by more than 18 thousand rupees in one day's trading session.

Recently shares of MRF Limited touched a level of 1,50,254.16. That set his new all-time high. It is the most expensive stock in the Indian stock market. Before MRF, no share price could touch the Rs 1.50 lakh mark.

MRF stock may see an uptick on Tuesday as well and looking at the way the stock has bought off the lows, it looks like the stock may make a new all-time high in the next trading session.

MRF has been going up for more than two months, forming a higher high higher low pattern. Earlier this stock witnessed a long consolidation from May 2023 to November 2023, after which this stock witnessed a major up side breakout.

In May 2023, the price of this stock was Rs 88000 which has increased to Rs 145750 today. That is, this stock has increased by 65 percent in the last 9 months.