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Apollo Tyres shares fall sharply on cartelization probe news
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Tyre industry clocks Rs 178-cr net profit in Q1
The country’s tyre industry registered a comeback in the first quarter (Q1) of this financial year. The industry clocked an overall net profit of Rs 178 crore in the April-June period, as against a total net loss of Rs 56.4 crore in the same...
Tyre firms’ margins under pressure as crude-linked input prices rise
The hope that falling natural rubber prices would provide a boost to tyre companies has been short-lived. Although rubber prices continue to recede, other input costs are rising, which may stymie profit margin expansion.
The main concern arises...
MRF looks at captive rubber plantation to cut raw material cost
Tyre manufacturer MRF Ltd was looking at acquiring rubber estates to meet the company’s long-term raw material requirements and to bring down costs, a top official said.
“We are scouting for acquisitions of estates abroad to meet long-term...
Tyre firms pick up on falling rubber prices
Shares of tyre firms, including MRF Ltd, Apollo Tyres Ltd, JK Tyre and Industries Ltd and Ceat Ltd, have rallied on the back of price hikes. They have risen 6-7% in the past week on news of price hikes in the after-sales market—more so when...
Tyre firms boost margins, expect FY13 to be better
MRF, Apollo Tyres and Ceat bet on stability in input costs
Amid concerns over currency fluctuations, tyre makers are hopeful of sustaining better margins during the present quarter and possibly for the year as they expect the input costs to...
Daily report on Natural Rubber: May 2, 2012
MARKET COMMENTARY
NMCE remained closed on Tuesday on account of MaharashtraDay. On Monday, NMCE rubber futures showed a mixed trend. Whilethe near month contracts were seen declining, far-month Augustrubber futures were seen rising. The...
Daily report on Natural Rubber: April 30, 2012
MARKET COMMENTARY
In the week gone by, NMCE rubber futures recuperated from theseven week low, ending more than one per cent high from theprevious week’s close. Towards the close of the week a rebound wasseen in the spot market too, with...
Daily report on Natural Rubber: April 27, 2012
MARKET COMMENTARY
In thin trades, RSS4 in the Indian market remained steady onThursday. NMCE rubber futures, which hardly changed, werewaiting for fresh cues for further directional moves. The ‘wintering’period in the major rubber growing...
Natural Rubber Imports To Witness Record Increase On The Back Of Robust Car Sales In India
India, the third biggest consumer of natural rubber in the world is heading to a record increase in excess of ten percent this year, thanks to the humungous car sales and the resultant burgeoning demand for the ingredient used in tyre manufacturing.
India,...
