At 10:51 AM; the BSE Auto index was the top gainer among sectoral indices, up 2 per cent, as compared to 0.07 per cent rise in the BSE Sensex.
Volume growth of tyre companies remained healthy, supported by robust momentum in both the OEM and replacement segments, along with continued premiumisation, said Ceat management.
MRF's Q3 revenue from operations increased 15 per cent Y-o-Y to ₹8,050.43 crore from ₹7,000.82 crore in Q3FY25. Sequentially, revenue was up 9.1 per cent from ₹7,378.72 crore in Q2FY26
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But global uncertainties triggered by US tariffs and geopolitical tensions may put the brakes on, say brokerages
MRF vice-chairman Arun Mammen on GST-led demand revival, natural rubber challenges, EV-driven tyre innovation and how currency swings are reshaping the tyre industry
Since December 11, the stock price of JK Tyre has appreciated by 10 per cent after the HDFC Mutual Fund acquired 257,305 equity shares or 0.09 per cent stake in the company via open market purchase.
MRF reported a net profit of ₹525.64 crore in the second quarter of the financial year 2025-26 (Q2FY26), up 11.7 per cent Y-o-Y
MRF Q2FY26 results: Net profit up 11.7% at ₹525.6 cr, dividend declared
JK Tyre & Industries, TVS Srichakra, Apollo Tyres and Balkrishna Industries were up in the range of 3 per cent to 8 per cent on the BSE in Monday's intra-day trade.
Among other tyre makers, Balkrishna Industries, Apollo Tyres and Ceat were up 2 per cent to 3 per cent on the BSE in intra-day trade.
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Around 800 workers at MRF's Thiruvottiyur plant are on an indefinite strike over annual insurance premium payment issues and the hiring of trainees under the NAPS scheme
In the past one month, the BSE Auto index has outperformed the market by soaring nearly 15 per cent, as compared to 1.4 per cent gain in BSE Sensex.
Kotak Institutional Equities believes multiple government initiatives, including potential Goods and Services Tax (GST) cuts, will drive auto demand
In the past one month, the Nifty Auto index has outperformed the market by soaring 9.5 per cent, as against 0.18 per cent gain in Nifty 50.