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Stocks to Watch today: TCS, Maruti, JSW Steel, JK Tyre, Federal Bank & more
Stocks to watch today: TCS, Maruti Suzuki, JSW Steel, JK Tyre, Federal Bank, AU SFB, SAIL, Nalco, NLC India, Anand Rathi Wealth, JSW Steel, Cummins India, among others, will be in focus today
India's JK Tyre plans additional 5%-6% price hikes by September-end
JK Tyre & Industries plans to increase product prices by eleven to thirteen percent. This move aims to offset rising input costs and follows similar actions by rivals. Raw material prices have significantly increased, impacting the company's business this quarter. The tyre maker has already implemented monthly price hikes and will continue them. Strong vehicle sales provide tyre makers room to pass on these increased expenses.
JK Tyre plans 11%-13% price hikes by September-end
JK Tyre plans product price increases of eleven to thirteen percent. These hikes will occur by the first half of fiscal year twenty twenty-seven. Rising input costs, including petroleum-based materials, drive these planned price adjustments. Rivals Apollo Tyres and CEAT have also implemented similar price increases. Strong vehicle sales provide tyre makers room to pass on higher expenses.
Not sensors or AI, why revolving tyres may become the next big thing in vehicle safety
Future car safety is shifting from reacting to problems to predicting them, with a new focus on understanding tyre grip and road conditions in real-time. Instead of adding more hardware, software could analyze existing vehicle data to estimate traction limits before a car loses control. This innovation promises safer driving, especially in challenging conditions, without increasing manufacturing costs.
Goodyear, CEAT, other tyre stocks rally 7% on softer crude; check top picks
Notably, around 70 per cent of tyre production costs come from crude-linked raw materials like synthetic rubber and carbon black, which makes the industry highly sensitive to oil prices.
India Initiates Anti-Dumping Probe Against Chemical Imports Used In Tyre, Rubber Products In China, Japan
The finance ministry takes the final decision to impose these duties.
Bansal Wire Inds sugres after securing trial order from the largest tyre manufacturer
Bansal Wire Industries (BWIL) jumped 4.88% to Rs 318 after the company announced that it has successfully secured a trial purchase order for its product Steel tyre Cord from one of the largest tyre manufacturers in the industry.
Ashok Leyland, TaMo, Maruti soar up to 9%; what's driving auto stocks?
Falling crude price is a clear positive for India's automobile and tyre sectors, where raw material and logistics costs are highly sensitive to crude derivatives, say analysts at ICICI Securities.
Asian Paints, HPCL, MRF, other crude-sensitive stocks in focus as oil prices drop 6% after Iran-US peace deal framework
Crude-sensitive stocks like OMCs, paint, and tyre makers are in focus as oil prices dropped significantly below $90 per barrel. This follows an announcement by US President Donald Trump and Iran's Deputy Foreign Minister confirming a framework agreement to end the conflict and reopen the Strait of Hormuz.
Bansal Wire secures trial purchase order for steel tyre cord from major tyre maker
On Friday (June 12), shares of Bansal Wire Industries Ltd ended at ₹304.40, up by ₹15.85, or 5.49%, on the BSE.
Falling crude oil price sends tyre, paint, oil marketing and airline companies soaring in relief rally
On Friday, a significant drop in oil prices caused a ripple effect in the stock market, with companies linked to crude oil benefiting the most. Firms in the oil marketing sector, tire production, and airlines enjoyed an uptick, as the affordable oil alleviated some financial anxieties. Conversely, upstream oil producers took a hit.
TCS partners with Nokian Tyres to expand AI-led IT operations
Tata Consultancy Services (TCS) announced a strategic partnership with Finland-based premium tyre manufacturer Nokian Tyres Plc.