TVS Srichakra Gains New High, Climbs Above 60% In A Single Month

Despite the confined market situation, the TVS Srichakra has hit a new high of INR 4247, which is an increment of 16 percent on the Bombay Stock Exchange (BSE) in intra-day trade. Last month, the stock of Madhurai-based tyre maker witnessed an up of 63 percent from INR 2601 on 30th August, against 1.8 percent down in the S&P BSE Sensex.

Due to the expectations of the reduction in the prices of natural rubber, several tyre manufacturing firms’ stocks have outshined the market. The lower input cost results in better profit margins of the tyre makers, as natural rubber happens to be the major constituent in the making of a tyre.

Some other aspects responsible for positivity among tyre and rubber companies, besides decline in rubber prices, are sales of passenger vehicles such as cars, vans and utility vehicles. Moreover, two wheeler segment have turned up with flying colours in the initial five months of the ongoing financial year with a record double-digit growth.

As per Credit Rating Information Services of India Limited or CRISIL, a global research and rating company, the anticipated steady growth in the two-wheeler and three-wheeler segment and tyres aftermarket will advantage TVS Srichakra aka TVS tyres. Alongside, tyre firm’s strong position in the 2&3 wheeler tyre industry and robust working proficiencies will prove fruitful.

Author: Ankit verma

My need for speed began at a very early age and I realised this as soon as I got my first bicycle at the age of 8. When all the other kids would break downhill I would pedal harder just to go faster and enjoy the thrill. Adding to my interest for speed, I grew engrossed in the working mechanics of two wheelers thanks to my father as he is a hydraulic mechanic and would take me along with him on his repair sessions. Eventually I became familiar with the tools and basic technical concepts of two wheelers.Super sport and sport tourers are more of my liking and the sparks to these flames were ignited the first time I experienced the maddening power of a Yamaha YZF R1. I was just 14 years old at the time and got to ride as a pillion with an older acquaintance. This one short ride influenced my every decision in terms of the bikes I want to own. As of today I’m 26 years old and a proud owner of a Yamaha Fz15 version 2.0 and a Kawasaki Ninja 650 2014 model having clocked a decent 30k Kms only while touring, waiting to clock 1000s more as riding makes me feel whole again after enduring the dismal routines of life. Read more