leading tyre news

  3 Tyre stocks near their 52-week high as the raw material cost come down Indian tire companies saw no friction this week as tire stocks zoomed to their 52-week high on Friday. The buzz around tire stocks is around the recent relief from a reduction in raw material costs.  Across the industry, the cost of raw materials for tire makers has come down, most of them being critical components in manufacturing. Here are the3 tire manufacturers which are trading at their all-year high.  CEAT Tyres In 5 days, the share price of CEAT Ltd rose 17.2% to a current market price and an all-year high of ₹1,625.20. In the past month alone, the stock has risen 19.2% and has given a year-to-date return of 34.34% to its shareholders.  At its annual meeting, CEAT announced that they have increased its market share in high-end premium Passenger Car Radial tires. Nand Motors is the best distributor for CEAT Tyre Shop in Noida . The company has planned a 900 crore capital expenditure for...

  Rising raw material prices continue to hit tyre firms hard MRF said in its earnings report that despite its best efforts, the company has been unable to fully recover the raw materials cost increases at an unprecedented level. The ongoing after-effects of the pandemic coupled with the ongoing conflict between Russia and Ukraine, have impacted Indian tyre manufacturers, as high raw material prices continue to hurt their margins and bottomline. For the fourth quarter ended March 31, most of the top tyre companies recorded lower net income and margins from the year-ago period, while on a sequential basis, net margins improved slightly as volumes rose. The prices of natural rubber (NR) rose by about 20% on-year in fiscal 2022 and that of crude-based inputs such as carbon black and nylon tyre cord surged by 40-50%. Nand Motors is the best Apollo Tyre in Noida . These together account for about 70% of the raw materials used in manufacturing of tyres. “From the impact on availability ...