Shares in the tire maker traded weakly, with Ceat hitting a 52-week low of Rs 921, down 4% on the BSE, Rising raw material costs lead to concerns over profit pressureespecially natural rubber.

Why are tire inventories falling?

« this Rubber prices fall and replacement demand recovers Has been pushing for rallies. Rubber accounts for 55 percent of a tire maker’s raw material cost. « Rubber prices have fallen from Rs 195 per kilogram to Rs 153 per kilogram since the end of July, down 27 percent due to sluggish demand.

Is it good to invest in JK TIRE stock?

Private Equity and Industry: 530007 Excellent value for money Based on its PE ratio (6.7x) compared to the Indian auto parts industry average (20.8x). P/E Ratio vs Market: 530007’s P/E (6.7x) is a good value compared to the Indian market (20.7x).

Why did the Apollo Tire share price fall?

Apollo Tire Stock Down as much as 7.37%, hits an intraday low of Rs 204.70. . . Apollo Tires’ operating profit or earnings before interest, tax, depreciation and amortization (EBITDA) rose 70% to Rs 8.15 crore, with operating margin rising 290 basis points to 16.2% in the quarter.

Is Apollo TIRE Indebted?

What is Apollo Tire’s debt? You can click on the chart below to see historical data, but it shows Apollo Tyres had a debt of £62.9 in September 2020, down from £68.1 a year ago.On the other hand, it has ₹24.2b in cash, resulting in a net debt of about ₹38.7b.

Why MRF Tire Shares Fall क्या MRF शेयर और गिर सकता है MRF Stock News MRF Stock Analysis

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Are Apollo tires good to buy?

The company reported weak full-year results, with lower earnings and margins, but improved revenue. Full Year 2021 Results: Revenue: ₹175.3b (8.9% higher than FY20). Net income: ₹3.50b (down 27% from FY20). Profit margin: 2.0% (down from 3.0% in fiscal 2020).

Why is the JK TIRE share price high?

This is mainly caused by Increase in demand Used in passenger cars, commercial vehicles and agricultural tires, » said Raghupati Singhania, chairman and managing director of JK Tire & Industries. The stock was trading at Rs 130.75, up Rs 15.15 or 13.11%. It has hit a 52-week high 132.

Is JK TIRE suitable for long-term use?

NEW DELHI: JK Tire and Industries Ltd, one of India’s largest tire makers, said on Monday that tIndia Ratings and Research has upgraded its long-term issuer rating to ‘IND A/stable’ As the company reported a strong recovery in sales and financial results in the December quarter.

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• Buy NHPC, target price of Rs 34: Emkay Global. …
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Is Ceat a Good Stock to Buy?

CEAT prices are depressed due to the second wave of the pandemic and its impact on the auto industry. Now, with the economy slowly recovering, brokerages are also bullish on the stock. Motilal Oswal (NS: MOFS) has a target price of 1,700 rupees on CEAT.

Why are MRF shares so expensive?

MRF is the most expensive stock on the Indian stock market at Rs 54,488 per share. This is because MRF never split its stock. …the reason behind this could be high stock priceretail investors with small investments will not be willing to buy MRF stock.

Who is the owner of Apollo tires?

Onkar Singh Kanwar (born March 1942) is an Indian businessman, Chairman and Managing Director of Apollo Tyres.

Are JK tires good?

According to research, JK tires are Ranked highest in overall customer satisfaction Scored 881 on a 1,000-point scale. MRF came in second with 876, followed by Bridgestone with 875.

Which is the best tire company in India?

Top Tire Brands and Companies in India

• MRF tires:
• Apollo Tires:
• JK tires:
• TVS Sri Lanka Chakra:
• CEAT tires:
• Michelin tires:
• Bridgestone Tires:

What is the full form of JK Tyres?

It is run by the Singhania family who rose to prominence in Kanpur, India under the leadership of Lala Kamlapat Singhania. The name JK comes from Kamlapat with his father Seth Juggilal (1857–1922), he belonged to a family associated with Sevaram Ramrikhdas, the Marwari company in Mirzapur.

Is JK TIRE an Indian company?

JK Tire Industry Co., Ltd. is one of them Leading auto tire manufacturer in India. The company develops, manufactures, markets and distributes automotive tire inner tube flaps and retreads. It sells tires to automakers, assembles them as original equipment, and sells them in the replacement market.

Is Ceat better than MRF?

CEAT tires If you want high-performance tires for road and city use at an affordable price, this is the way to go. For those who want great grip and traction both on and off road, MRF tires will be the best choice.

Which brand of tires lasts the longest?

Michelin excelled in our latest test. All three Michelin models we reviewed met or exceeded their mileage warranty.But the tires with the longest wear come from Pirelli. We estimate the Pirelli P4 FOUR SEASONS Plus can last 100,000 miles.

Which is better, MRF or Apollo?

Apollo tires Employees rated compensation and benefits 0.5 higher than MRF Tires employees rated them. Apollo Tires employees rated work-life balance 1.1 higher than MRF Tires employees rated them. Apollo Tires employees rated senior managers 0.7 higher than MRF Tires employees rated them.