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Tyre makers tumble as Brent crude boils amid West Asia tensions
Tyre stocks came under heavy selling pressure on Monday as a sharp jump in crude oil prices sparked worries about rising raw material costs for the sector.
Oil Prices Surge: How Indian companies from OMCs to paint, tyre and aviation stocks get impacted
Crude oil prices are showing no signs of letting off. After the biggest weekly gain on record for US crude last week, prices are up by nearly 30% on Monday, nearing the mark of $120 per barrel. The oil prices rising are a major negative for Indian markets, considering its net importer status. Here's how companies in India get impacted due to the higher oil prices:
Indian tyre companies face multiple headwinds due to US-Iran war; CLSA warns of profit impact
CLSA noted that about 45% of the tyre industry’s raw-material basket is linked to crude oil, while another 45% is tied to natural rubber prices.
JK Tyre strengthens energy portfolio with stakes in FPEL and Sunpulse Power
JK Tyre is investing ₹1.53Cr in FPEL and ₹5.04Cr in SPPL, acquiring 26% stakes in both, marking its entry into renewable and conventional power ventures.
MRF Ltd to invest Rs 5,300 crore in New Tamil Nadu tyre plant
Tyre giant MRF Ltd has announced plans to pour in Rs 5,300 crore over the next 12 years to set up a cutting-edge manufacturing plant in the Sivaganga district. This investment is expected to generate around 1,000 new jobs, signaling a pivotal advancement in the region's industrial landscape.
Echoes of 2022: West Asia conflict puts crude-linked sectors in the crosshairs again
Rising crude amid the West Asia flare-up threatens margins for refiners, tyre makers, and paint companies, recalling the sharp hits seen during the 2022 Ukraine-war surge.
Hexaware Expands AWS Partnership for AI | Balkrishna Industries Enters Consumer Tyre Market | Top Buzzing Stocks Today - Equitymaster
Hexaware Expands AWS Partnership for AI | Balkrishna Industries Enters Consumer Tyre Market | Top Buzzing Stocks TodayEquitymaster
Asian Paints, Indian Oil, JK Tyre tumble; oil-sensitive stocks hammered as crude soars above $78 amid US-Iran turmoil
Crude-sensitive stocks were among the worst hit in Monday's trade even as Sensex and Nifty fell nearly 2 percent. Paints and tyre stocks fell sharply on concerns on rising input costs as crude soared. Oil marketing shares were also under pressure for fears of margin squeeze.
Stocks to Watch Today: Coal India, Saatvik Green Energy, JK Tyre, Siemens, ONGC, Ram Ratna Wires, Landmark Cars, Gandhar Oil, P&G Health in focus on 27 May
Stocks to watch on 27 May: Stocks like Oil and Natural Gas Corporation, Siemens, JK Tyre and Industries, Procter and Gamble Health, Landmark Cars, Gandhar Oil Refinery India, Ram Ratna Wires, Vodafone Idea, and Bharti Airtel.
IndiGo jumps 7%, HPCL rallies 6%; aviation, OMC, paint and tyre stocks surge as crude prices tumble 6%
IndiGo jumped over 7 percent and HPCL surged nearly 7 percent on Wednesday as aviation, paint, tyre and oil marketing stocks rallied after crude oil prices tumbled on hopes of a possible US-Iran deal.
BPCL, HPCL shares jump over 4%; Asian Paints, IndiGo rally as crude falls below $95, lifts oil-sensitive stocks
Stocks across oil marketing companies (OMCs), aviation, paint and tyre segments were trading firmly higher, as Brent crude slipped below the $95 per barrel mark after declining for a second straight session.
Asian Paints, IndiGo lead gains in oil-sensitive stocks as crude falls below $93 on Israel-Iran ceasefire hopes
Crude oil prices fell today, boosting paint, airline, and tyre stocks. IndiGo stock surged 3.8 percent, aided by positive broker ratings.