RUBBER
Tolin Tyres share allotment expected today: Check status, GMP, listing date and other details
The share allotment for Tolin Tyres IPO is expected to be finalized today. Investors can check their allotment status through the BSE or the registrar's website. The company's shares are set to list on September 16, with a GMP of Rs 30. The IPO was subscribed nearly 24 times, driven by strong demand.
Tolins offers quality at a discount, but raw material prices weigh
Tolins Tyres plans to raise ₹230 crore through an IPO, with ₹200 crore allocated for loan repayment and working capital. The company focuses on fleet operators and has a unique tread rubber plant in the UAE. Its revenue grew significantly from FY22 to FY24, but raw material costs remain a risk.
Top guns like Ashish Kacholia, Rekha Jhunjhunwala strike gold with 14 multibagger stocks
Top investors on Dalal Street including Ashish Kacholia and Rekha Jhunjhunwala saw substantial gains in 2024, with 14 of their stocks yielding multibagger returns. Notably, Advait Infratech provided a 215% return. Despite these successes, experts recommend cautious investment amid high valuations in certain market segments.
Pharma Department discusses 'dumping' with glovemakers
Domestic glovemakers alleged that gloves from countries like Thailand, Malaysia and China are being dumped in India under different non-medical product codes.
India facing acute shortage of natural rubber, prices soar
India experienced an alarming shortfall in natural rubber for 2023-24, with domestic production unable to meet the growing demand. Rising import duties and global supply constraints, along with the highest prices recorded in 15 years, have impacted industries, particularly small and micro-enterprises in the non-tyre sector, which are struggling due to this cost spike.
Domestic rubber prices becoming a concern for tyre players: Rishi Vora
While OEM is generally a pass-through, so with a quarter lag, I think they will get those price adjustments. But in the replacement market, it will depend on how every player is behaving. And while in certain segments we are seeing some bit of pricing absorption is better, but in certain segments as of now there are also issues where certain players are being more aggressive than others
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Last date to buy! BHEL, BPCL among 39 stocks to trade ex-dividend on Friday
BHEL, REC, HPCL, Ceat, and BPCL, among others, have set August 9 as the record date for dividend eligibility. Today is the last day to purchase shares to qualify for these dividends.
Dolly Khanna adds multibaggers Nile, Tina Rubber, 3 more stocks in June quarter, slashes stake in 3 smallcaps
Among the new additions were Emkay Global Financial Services (1.63%), Super Sales India (1.06%), Nile (1.10%), Tinna Rubber and Infrastructure (1.03%) and Ujjivan Small Finance Bank (1.07%). In these Emkay Global, Nile and Tina Rubber have been multibaggers, delivering returns of 120%, 177% and 349% over the last one year. Super Sales, on the other hand, has given returns of 58% in this period.
CEAT lines up ₹1k-cr capex in FY25, flags margin woes
RPG Group’s CEAT has a ₹1,000 crore capex to counter rising natural rubber and freight costs, with staggered 1.5-2.5% price hikes and an additional 5-6% expected. Margins dropped 300 basis points in June and remain pressured in the second quarter. Investments improve R&D, IT, and factory efficiency, expand specialty tyres at Chennai and Ambernath, and de-bottleneck Halol.
Expect double-digit growth in replacement, international business despite rubber price hike: CEAT
CEAT Ltd anticipates double-digit growth in replacement and international business this fiscal despite rising natural rubber prices, prompting product rate hikes. MD and CEO Arnab Banerjee foresees ongoing price increases but remains optimistic about steady growth, citing robust demand and rural market recovery. The company experienced strong topline growth in Q1, aiming to maintain double-digit growth in replacements and international sectors.
Indian Rubber Gloves Manufacturers Association demands ban on import of chlorinated gloves
IRGMA requested banning chlorinated gloves due to bio-waste violations and urged using BIS approved gloves via GEM. The Malaysian Rubber Council noted health risks. CPCB and West Bengal Pollution Boards support bans. CDSCO Gazette from Oct 2, 2022, prohibits powdered Nitrile gloves. Sunil Patwari and Konda Anindith Reddy from Wadi Surgicals emphasized risks from chlorinated imports.
Gold, silver coins and more: MGNREGS workers find treasure while digging rainwater harvesting pits
In Chemagai panchayat, Kannur, MGNREGS workers found gold and silver ornaments in a mud pot at a rubber plantation, initially fearing an explosion. The items were given to Taliparamba Police and taken to the magistrate court. Additional coins were discovered near Parippai Govt LP School, and an investigation is verifying their authenticity.
Women labourers discover "treasure trove" while excavating rainwater harvesting pit in Kerala
A group of women laborers digging a rainwater harvesting pit at a private rubber plantation in Chengalayi, unearthed a container filled with precious jewels and old coins on Thursday. Initially suspecting it to be a bomb or black magic, they cautiously opened the container, discovering what locals consider an invaluable treasure trove.
Jaguar Land Rover to use Pirelli's natural rubber tyres in sustainability push
The Forest Stewardship Council (FSC) certified natural rubber tyres will be first seen on JLR's new Range Rover Electric, the Tata Motors owned automaker said on Thursday. FSC is a global standards body for sustainable forest management.
Dolly Khanna raises stake in smallcap multibagger Selan Exploration Technology
Ace Investor Dolly Khanna has raised her stake in smallcap counter Selan Exploration Technology in the quarter ended June 30, 2024 by 53 bps over the March quarter to 1.56%. Her holding in this oil & gas exploration and production company stood at 1.03%.
Dolly Khanna buys 1.03% stake in multibagger smallcap stock with 222% YTD growth
Khanna purchased 1.76 lakh shares of the company during the first quarter of the year. The company's ownership is primarily held by promoters, who control 72% of the shares. The remaining 28% of the company's shares are owned by public shareholders.
Tyre makers facing severe crunch in domestic natural rubber availability: ATMA
Tyre industry, prioritizing global requirements, faces challenges due to the uncertain visibility of natural rubber availability. ATMA emphasizes the importance of addressing this issue to ensure uninterrupted production processes in a customer-centric approach.
Tailwinds are winning, beneficiaries of strong OEM & replacement demand from auto sector: 5 tyre stocks with upside potential of up to 38%
It is a well known fact that if demand is growing at a fast pace, higher input cost can be easily passed on to the consumer. That is probably what the tyre industry is going through currently. Recently there was an increase in natural rubber prices and fears were expressed that margins might come under pressure. But two things happened just recently, the natural rubber prices corrected and the whole of the tyre stocks witnessed a sharp rally. While the risk of headwind in terms of higher input cost stays, will the OEM and replacement demand act as tailwinds and continue to power the stocks.
Kenya protests: Police fire rubber bullets, tear gas at protesters after President Ruto urges talks
Kenyan police used rubber bullets and tear gas on protesters in Nairobi. This comes despite President William Ruto scrapping tax hikes after deadly clashes. Young Kenyans led the protests, catching authorities off-guard. Dozens rallied in Nairobi. Ruto made a U-turn on the tax hikes but protesters criticised it as too late. The unrest has led to a state-backed rights group investigating 22 deaths and 300 injuries nationwide. International community calls for accountability and respect for peaceful protests.
Government proposes export obligation period review for certain sectors
India allows duty free import of inputs used for manufacturing for exports subject in advance authorisation to export obligation period in which exporters have to ship the goods within a stipulated time period otherwise they’re penalised. The Directorate General of Foreign Trade (DGFT) has sought comments of all the concerned stakeholders on the proposed amendments within 15 days.
T20 World Cup: Australia wary of Scotland threat; Pakistan take on Ireland in dead rubber
In a crucial T20 World Cup Group B encounter, Australia face Scotland, with Super Eight qualification at stake. Scotland must beat Australia or hope for a washout to secure a spot, while England also vie for qualification. Australia aim to maintain their top form, making strategic player choices to keep England at bay.
Passenger vehicle sales steady; two-wheeler segment to lead growth: Arnab Banerjee, Ceat
Quarter one is a strong marketing spend quarter for us because we advertise on the IPL, we are there on the World Cup as well, we have launched a new campaign for higher rim size premium tyres. So, there will be some pressure on the margin, but we will try to manage it in a narrow band across the quarter.
GAIL announces Rs 60,000 crore ethane capex
Gail India plans to set up a 1500 KTA ethane cracker project in Madhya Pradesh, with an investment of Rs 60,000 crore. Ethane, a component of natural gas, will be converted into ethylene for plastics, adhesives, and more. The project awaits state government enablers and proposes a 70-hectare township. Groundbreaking is expected by February 2025, with production starting in 2030-31. Gail aims to import ethane for the project, signing an MoU with ONGC and Shell Energy India for this purpose.
Best of bright and colorful balls for babies to spark fascination and make them more playful
This article explores various options available in the market, ranging from colorful squeeze balls for bath time fun to soft and safe multi-color plastic balls suitable for indoor play. Each selection is carefully curated to prioritize safety, tactile stimulation, and cognitive development. Whether it's promoting sensory exploration, enhancing motor skills, or providing endless entertainment, these top picks ensure that your baby's playtime is both enriching and enjoyable.
Domestic tyre sale volumes expected to see moderate growth of 4-6 pc in FY25: Icra
Domestic tyre sale volumes are expected to see a moderate growth of 4-6 per cent this fiscal after witnessing an estimated pace of 6-8 per cent in the previous financial year, ratings agency Icra said on Thursday. This growth in the last fiscal was driven by factors such as elevated base and subdued growth in the commercial vehicle (CV) segment, it said.
No further steps for 2 months in connection with Sabarimala airport land acquisition: Kerala HC
Kerala High Court's interim order halts state government steps on Sabarimala Greenfield airport land acquisition following a plea by Ayana Charitable Trust alleging illegal property takeover. The trust's legal team resists the action.
Adani Group acquires 25 acres from Finolex in Pune to set up data center
In February 2021, Adani Group’s flagship company Adani Enterprises entered a 50:50 joint venture with EdgeConneX to develop and operate data centers throughout India. The joint venture will focus on building a network of hyperscale data centers across the country, starting with Chennai, Navi Mumbai, Noida, Vizag, and Hyderabad markets.
Tyre stocks likely to remain under strain on rising raw material costs
Price of natural rubber, a major raw material, trades at a near decade high level. Any change in the spot prices of inputs affects the financials of tyre companies with a lag of 60-90 days. The current surge in rubber price is expected to reduce the gross margin by 150-200 basis points and may lead to an earnings downgrade of 8-12% for the next fiscal year.
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