Tyre Sector News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Rahul Shah discusses the performance of the auto sector and its ancillary pack. He mentions that the demand for the entire auto sector is coming back and that the stocks in this sector are undervalued. Additionally, he comments on the positive impact of stable crude prices on the tyre sector. Regarding Kotak Mahindra Bank, he states that the numbers were in line with expectations and further clarity is needed on the challenges related to deposits.

MOFSL: Rahul Shah discusses the performance of the auto sector and its ancillary pack. He mentions that the demand for the entire auto sector is coming back and that the stocks in this sector are undervalued. Additionally, he comments on the positive impact of stable crude prices on the tyre sector. Regarding Kotak Mahindra Bank, he states that the numbers were in line with expectations and further clarity is needed on the challenges related to deposits.

So far in 2023, shares of tyre companies, such as Apollo Tyres Ltd, Ceat Ltd and JK Tyres & Industries Ltd, have rallied 21-47%. Some stocks have beaten benchmark index Nifty Auto by a wide margin.

Tyre industry welcomes new norms, pleads feasible timelines for compliance May 28, 2021 ‘New norms will help in improving road safety and making vehicles more fuel-efficient’ The tyre industry has welcomed draft norms involving new requirements for rolling resistance, wet grip and rolling sound emission, as stated in a draft notification released by the Ministry of Road Transport & Highways (MoRTH). The Automotive Tyre Manufacturers Association (ATMA) has stated that the new norms are a step in the right direction and will help in improving road safety and making vehicles more fuel-eff...

JK Tyre and Industries on Wednesday reported a consolidated profit after tax of Rs 194.96 crore for the March quarter of the previous fiscal against a consolidated loss of Rs 52.78 crore in the year-ago period. Revenue from operations in the quarter under review rose by 63.21 per cent to Rs 2,927.28 crore compared to Rs 1,792.56 crore in Q4FY20, the company said. For the fiscal 2020-21, profit after tax grew more than two-folds to Rs 330.93 crore over Rs 141.31 crore in FY20. The revenue from operations in the previous fiscal grew 4.35 per cent to Rs 9,102.20 crore against 8,722.70 crore lo...