By 12:31 PM, JK Tyre share price was off day's high, but continued to trade 3.20 per cent higher at ₹425.40 per share. In comparison, BSE Sensex was trading 0.45 per cent lower at 84,399.47 levels.
Apollo Tyres stock is likely to trade with a favourable bias as long as it holds above ₹460 levels. On the upside, the stock can potentially rally up to 14%, suggests the technical chart.
At 10:04 AM, CEAT share was trading 1.46 per cent lower at ₹3,799 per share. In comparison, BSE Sensex was trading 0.39 per cent lower at 81,939.81 levels.
Tyre stocks rallied today on expectation that the recent correction in raw material prices will benefit the companies favourably from the latter part of Q2FY26
Tyre stocks outlook: After a weak performance in FY25 - largely due to a sharp rise in input costs; analysts expect margins to gradually revive, aided by softening costs and focus on premiumization.
TVS Srichakra shares surged after its premium tyre brand, Eurogrip, was officially integrated into the after-sales service network of Honda Taiwan Co., Ltd.
Tolins Tyres produced a record 816 metric tonnes (MT) during the month, comprising 46,599 units (252 MT) of tyres and 17,714 units (564 MT) of Precured Tread Rubber (PCTR).
CEAT's consolidated net profit (Bottomline) plunged 46.5 per cent year-on-year (Y-o-Y) to Rs 97.1 crore in the December quarter of financial year 2025 (Q3FY25), from Rs 181.5 crore in Q3FY24
The northward move in CEAT share price came after it announced that it has acquired Camso brand's Off-Highway construction equipment bias tyre and tracks business from Michelin for $225 million
According to media reports, domestic tyre companies have undertaken a price hike in response to a rise in key raw material prices (primarily natural rubber).
Goodyear India's net loss stood at Rs 4.2 crore in the March quarter of financial year 2024 (Q4FY24), as opposed to net profit of Rs 33.6 crore in the same quarter a year ago (Q4FY23)
