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
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.
Analysts see the deal as transformative for CEAT's positioning in the high-margin off-highway tyre (OHT) space, upgrading the stock to a 'Buy'.
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.
BPCL, HPCL, IOC, Asian Paints and other downstream oil companies' stock fell, while ONGC, Oil India rose after Brent crude oil spiked 13 per cent
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).
Technical charts indicate that shares of these 3 tyre-manufacturers can potentially rally up to another 19% from present levels; check details here
The BSE Auto index, the top gainer among sectoral indices, was up 1.3 per cent at 01:36 pm, as compared to 0.16 per cent decline in the BSE Sensex.
JK Tyre share price: According to analysts, there are risks to the tyre companies' profitability estimates, at least over the next one year
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
The uptick in the JK Tyre & Industries share price came after the company's board approved the merger with Cavendish Industries.
Brent crude price today: Analysts prefer aviation and tyre stocks among the lot, but remain cautious on paints and oil marketing companies
MRF share price: MRF stock is trading higher relative to its historical average
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)