MRF Q1 FY25 Results update: The tyre major's April-June net profit was seen falling on-year, hit by higher expenses. But the results showed a significant improvement from the previous quarter.
In an interview to CNBC-TV18's Prashant Nair and Ekta Batra, G Chokkalingam, Founder & Managing Director of Equinomics Research & Advisory shared his reading and outlook on the tyre sector and also gave recommendations on various stocks.
Speaking to CNBC-TV18 from the sidelines of the Axis Cap Conference Nigam said two-wheeler volumes have seen a sharp recovery post demonetisation lows and it has crawled back to normalcy in the months of February-March.
ICICIdirect.com has come out with its report on tyre sector. Natural rubber prices are likely to remain muted as supply outstrips demand, says report.
Mehraboon Irani of Nirmal Bang Securities feels that Apollo Tyres could be a dead investment at least for the next two-three quarters.
SP Tulsian of sptulsian.com explains to CNBC-TV18 that most of the reports submitted by investment bankers or global broking houses are not credible and advises investors to bet on Jet, SKS Micro and Apollo Tyres.
Sushil Finance has come out with its report on tyre sector.