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.
'The favourable rupee-dollar exchange rate, there are opportunities we can tap.'
With scrutiny and practice scheduled for November 29, the main races will unfold on November 30, promising a day of speed, skill and spectacle.
The chariot, with the new set of tyres, will carry Lord Jagannath on this year's Rath Yatra which will be held on June 27.
MRF Tyres topped the list of customer satisfaction survey conducted by global market research firm J D Power.
Answering questions from members in the assembly, Electricity Minister N Veerasamy urged the MRF management to find a solution to the labour issue in a week's time. If no solution was found, Chief Minister M Karunanidhi will be forced to intervene, he said.
Larger listed domestic-focused tyre companies have underperformed the benchmarks in the last three months but exporter Balkrishna Industries has bucked the trend. The company, which exports off-highway tyres, has generated 43 per cent returns in this time compared to MRF and Apollo Tyres, which are down 5-10 per cent. In addition to better-than-expected performance in the March quarter, exports and market share gains have helped Balkrishna pull ahead of peers.
Last week, US aircraft manufacturer Boeing signed an agreement with Tata Automobile Limited Manufacturing Solutions, a wholly-owned Tata Motors subsidiary, for manufacturing structural components for Boeing's 787 Dreamliner airplane programme.
About 3,000 employees of MRF in Arkonam and Puducherry were on a 'sit-in' strike within the premises of the respective facilities since May 9. The workers went on strike as they were 'disappointed with the management as the company denied recognition to it' and 150 labourers were also dismissed by the management so far.
Shares of MRF crossed a first time Rs 100,000 mark, hitting a record high of Rs 100,300, up 1.4 per cent on the BSE in intra-day trade. on June 13, 2023. The stock surpassed its previous high of Rs 99,879.65, touched May 8, 2023. Thus far in the current calendar year 2023 (CY23), MRF has outperformed the market by gaining 14 per cent on improved financial performance.
For kids in the United States, the tariff imposed by the Donald Trump administration on countries like China may no longer be a child's play, as toy prices are predicted to touch record highs this Christmas season. However, for India's toy export industry, which was ready to take giant strides in the sector by bagging heavy orders from the US retail giants like Walmart, Amazon, and Target Corporation, gaining from the China-Plus-One policy, the US tariffs came as a heavy jolt.
The margins of tyre manufacturers could come under pressure given the rise in rubber prices and the moderating demand for tyres. In the past three quarters, the revenue growth for listed tyre companies has moderated from low to mid-single-digit on account of factors such as lower demand in replacement segments, weak export markets and the decline in the average selling prices to car makers (OEMs). Demand trends could remain muted in the near term, given the weak passenger vehicle replacement demand, assuming a typical replacement cycle of 3-5 years, and demand moderation in the OEM segment.
Despite a stellar start to his career, Varun Aaron's journey was marred by inconsistent form and frequent injuries, with his last appearance for India dating back to 2015.
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.
'Yes, there have not been any express fast bowlers that are coming from the MRF Pace Foundation that we used to have back in the years.' 'But that's not going to happen anymore. Now, in the next few years, you are gonna see a lot of really good fast bowlers coming out from the MRF Pace Foundation again.'
India have overtaken Australia to regain the top position in the MRF Tyres ICC Test Team Rankings following the annual update that drops results from the 2019-20 season.
Tyre stocks have been on a tear over the past six months, with average returns exceeding 45 per cent. Except for Apollo Tyres, which has seen a slight correction in the last month and a half, limiting its gains to 16 per cent, listed peers such as MRF, CEAT Tyres (formerly Cavi Elettrici e Affini Torino), and JK Tyre & Industries have delivered returns exceeding 30 per cent during this period. Production-related constraints and sluggish demand in Europe, where sales are expected to remain flat, coupled with high valuations, have contributed to Apollo Tyres' underperformance. The tyre sector's gains can be attributed to robust growth trends driven by the replacement market, which constitutes more than two-thirds of sales.
Shares of Oil marketing companies (OMCs) extended their gains for the fourth consecutive session on Thursday after crude oil prices plunged to six-month lows in the international markets, which boosted investor sentiments. Traders said the OMC stocks gained with crude oil prices hovering below $70 per barrel after OPEC-plus decision to increase output from April, a move which is expected to favour Indian refiners with added marketing margins on retail fuel.
He was a storyteller who made me feel the pulse of history, the stakes of human ambition, and the thrill of a well-told tale. Prem Panicker recalls his debt to Frederick Forsyth, who passed away on Monday.
Shubman Gill has reached a career-best 25th position in the MRF Tyres ICC T20I Player Rankings.
MRF test drives a new, more luxurious, brand.
Pakistan have had a wonderful record in ODI cricket this year, losing just three matches of the 10 they've played thus far.
The former unit produces motor tyres and tubes, while the latter makes radial tyres. Union sources said employees also decided to boycott the coming Lok Sabha elections. A meeting on Monday between management and union heads saw no settlement.
Australia have moved to the top of the Test and T20I rankings for men while England continue to lead the men's ODI rankings after the annual update carried out on Friday, which eliminates results from 2016-17. In the latest update, that rates all matches played since May 2019 at 100 per cent and those of the previous two years at 50 per cent, Australia (116) have taken over from India as the top ranked side in the MRF Tyres ICC Men's Test Team Rankings with New Zealand (115) remaining in second place. India are now third with 114 points.
Production at Arakkonam, which produces motor tyres and tubes, and at the radial tyre-manufacturing unit of MRF at Puducherry has been hit following a sit-in strike by over 3,000 workers in both the units, according to union sources. Employees also decided to boycott the upcoming Lok Sabha election.
Kohli has elevated one spot to secure the third position in the latest ODI Player Rankings
Captain Harmanpreet Kaur leads a bunch of India players who have made rapid gains in the MRF Tyres ICC Women's ODI Player Rankings after some excellent performances that helped complete a 3-0 sweep over England in their ICC Women's Championship (IWC) series.
Mohammad Siraj has reclaimed the No 1 position among bowlers in the MRF Tyres ICC men's ODI player rankings after his sensational haul of 6/21 against Sri Lanka in the Asia Cup final.
Birla Tyres, a division of the B K Birla flagship Kesoram Industries Limited, on Thursday said it has entered into an arrangement with its collaborator Pirelli of Italy to sell 10,000 radial tyres per month.
The German MRF driver won the Group N (unmodified) class in the 2003 FIA-Asia Pacific Rally Championship.
The headline for corporate profit growth has been very encouraging in the July-September quarter (Q2) of 2023-24 (FY24), with the combined net profit of listed companies up by 38 per cent year-on-year. However, the earnings distribution has been very lopsided, with most of the growth coming from public-sector oil-marketing companies (OMCs), banks, non-bank lenders, automobile (auto) companies, and cement producers. By comparison, companies from information technology services, fast-moving consumer goods (FMCG), retail, and consumer durables were disappointed, experiencing a sharp slowdown in net sales growth and a relatively muted increase in reported net profit.
KL Rahul leads a pack of India players who have shot up the MRF Tyres ICC Men's T20I Player Rankings after the visitors stormed to a 5-0 series win in New Zealand. Rahul's series topping aggregate of 224 runs has lifted him four places to a career best-equaling second place.
Armin Kremer took the FIA APRC title after a courageous drive into second place.
The Malalaysian has a 90-second lead over Germany's Armin Kremer at the end of Leg 2 of the MRF India Rally, the fifth and concluding round of the 2003 FIA Asia Pacific Championship.
Workers at three manufacturing plants of tyre major MRF have called off a strike over pay and other issues after the employees' union advised them to end the agitation. They are likely to resume work from the first shift from today.
Indian tyre makers are expanding their capacities in the wake of international players flooding the Indian markets.
Two-time World Twenty20 champions the West Indies can leapfrog second-ranked India in the MRF Tyres ICC T20I Team Rankings when they go head-to-head in the two-match series in Lauderhill, Florida, on August 27 and 28.
India captain Mithali Raj's excellent show in the three-match series against England has helped her grab the No.1 position in the MRF Tyres ICC Women's ODI Player Rankings for the eighth time in her stellar 22-year international career.
Steve Smith and Travis Head join top-ranked Marnus Labuschagne following their centuries in the ICC World Test Championship Final against India.
The 21-year-old left-hander has gained 21 slots and reached 17th place, the joint-highest by a specialist India wicketkeeper along with Farokh Engineer, who did so in January 1973.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances