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.
TVS Srichakra's stock price declined 6.21 per cent to touch an intraday low of ₹3,911 per share on the NSE
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.
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.