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.

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.

The brokerage said that historically, rising input costs have led paint companies to take price hikes, which typically narrows the gap between volume growth and value growth.

United Breweries told CNBC-TV18 that the steps announced are ones in the right direction and they await more clarity on the steps.

Shares of FSN E-Commerce Ventures Ltd., Nykaa’s parent, hit lows on Friday, after Macquarie kept an “Underperform” rating, citing growth concerns. Target price: ₹210.

Five analysts have coverage on Pine Labs, of which two analysts each have a “buy” and “hold” rating, and one has a “sell” rating on the stock.

Shares of DCX Systems Ltd. jumped 11.5% on March 6, after securing a ₹68.05 crore order from Hindustan Aeronautics. The stock reached an intraday high of ₹198.25.

The rupee rose 2 paise to 91.62 against the US dollar after the US granted a 30-day waiver for Indian refiners to buy Russian oil, easing pressure from Iran’s actions.
Bino Pathiparampil, Head of Research at Elara Securities, says HUL’s recovery depends on the execution of its strategy to tap new-age consumption trends as traditional FMCG growth remains muted. He sees near-term rebound potential in IT stocks after sharp corrections,…

According to analysts, IndiGo is likely to face continued headwinds from both fuel and non-fuel costs. It also sees limited scope for yield expansion as domestic air traffic remains tepid, while growth in international traffic is beginning to moderate.

JM Financial’s Rahul Sharma said the Nifty remains in a narrow market phase where a limited number of stocks are supporting the index, similar to the trend seen in 2017–18. He said the index has immediate support at 24,000, while…