Shares of tyre manufacturers have outperformed broader equity benchmarks, buoyed by multiple tailwinds. Softer raw material prices, an uptick in demand from automakers following the reduction of the goods and services tax (GST) rates, and steady replacement demand have lifted sentiment toward the sector.
Oil marketing companies (OMCs), paint manufacturers, tyre producers, and aviation stocks witnessed significant gains as Brent crude oil prices slipped below $70 per barrel. The price drop came after a double blow: The US imposed tariffs on Canada and Mexico, including energy imports, and OPEC+ - the group of major oil-producing nations including Russia - announced an output increase of 138,000 barrels per day, the first such hike since 2022.
Kota, Rajasthan, is both a beacon for the educationally deprived and a cynical place in which 16-year-olds live in Dickensian boarding houses, while teachers drive Audis.
Rubber prices have fallen globally by 20% from record highs. 10% of the tyre sector is likely to have already shifted to synthetic rubber. This shift to synthetic rubber by Indian tyre companies could affect tyre prices.
'The Indian cement sector is the most energy-efficient worldwide, mainly due to modern technology used in the plants but also because of efficient monitoring of a plant's performance on a daily basis, focusing on energy savings and carbon dioxide emission reductions.'
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Fifty years ago, India and Pakistan fought a short but bloody war. The author finds out how Sainik Samachar, the defence ministry's journal, reported it.
Ajit Mishra, Vice President, Research, Religare Broking, answers readers's queries on stocks they own or want to buy.
