![Balkrishna Industries excels, peers struggle](https://cdn.magzter.com/1547192204/1718822978/articles/Ix5oOKHQ7cAgbgRM3H2sys/BALKRISHNA-INDUSTRIES-EXCELS-PEERS-STRUGGLE.jpg)
Larger domestic-focused tyre companies have underperformed the benchmarks in the past three months, but exporter Balkrishna Industries has bucked the trend.
The company, which exports off-highway tyres, has generated 43 per cent returns compared to MRF and Apollo Tyres, which are down 5-10 per cent.
In addition to better than expected performance in the March quarter, exports and market share gains have helped Balkrishna pull ahead of peers.
Rishi Vora and Praveen Poreddy, analysts at Kotak Institutional Equities, said MRF, Ceat, and Apollo Tyres had a weak quarter due to weak demand for tyre replacements in the commercial vehicle segment and obligations for extended producer responsibility (EPR).
The second makes manufacturers responsible for the environmental impact of the products from initial production to the efficient disposal of tyres.
Apollo and Ceat have announced price hikes to offset the obligations for EPR as well as raw material costs. MRF has not announced any hike.
Diese Geschichte stammt aus der June 20, 2024-Ausgabe von Business Standard.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent ? Anmelden
Diese Geschichte stammt aus der June 20, 2024-Ausgabe von Business Standard.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent? Anmelden
![Air India cancels US flight to ferry T20 world champions](https://reseuro.magzter.com/100x125/articles/18959/1753789/8frIm7inhrqlaitXjb5sys/AIR-INDIA-CANCELS-US-FLIGHT-TO-FERRY-T20-WORLD-CHAMPIONS.jpg)
Air India cancels US flight to ferry T20 world champions
DGCA asks for 'factual report' from the airline
![It's showtime for live entertainment](https://reseuro.magzter.com/100x125/articles/18959/1753789/GnLa67b3Xks3YkHdnhksys/ITS-SHOWTIME-FOR-LIVE-ENTERTAINMENT.jpg)
It's showtime for live entertainment
A heady cocktail of social media and youth craving for experiences has triggered a boom in live events. Can it last?
![The fate of the compensation cess](https://reseuro.magzter.com/100x125/articles/18959/1753789/pKlECgRJo73jFWS5sjdsys/THE-FATE-OF-THE-COMPENSATION-CESS.jpg)
The fate of the compensation cess
In our piece yesterday, we reviewed the performance of the Goods and Services Tax (GST) over the past seven years, emphasising that the states did well but at the cost of a revenue sacrifice by the Centre.
Near-term headwinds seen for realty stocks
Analysts suggest cautious approach, advise against exiting completely
Strong outlook for AMCs but high valuations pose risk
Given gains in equity prices, it is not surprising that the earnings of asset management companies (AMCs) are growing quicker.
![Sebi has strong case against Hindenburg, say lawyers](https://reseuro.magzter.com/100x125/articles/18959/1753789/5NK6sRcFnY4PensYDdBsys/SEBI-HAS-STRONG-CASE-AGAINST-HINDENBURG-SAY-LAWYERS.jpg)
Sebi has strong case against Hindenburg, say lawyers
The Indian market regulator, the Securities and Exchange Board of India (Sebi), has a strong case against US-based short-seller Hindenburg Research, who the former has alleged to have traded based on unpublished price-sensitive information.
![Sensex may hit 87K by year-end](https://reseuro.magzter.com/100x125/articles/18959/1753789/P6zsvmpcY8EgKoASb6Psys/SENSEX-MAY-HIT-87K-BY-YEAREND.jpg)
Sensex may hit 87K by year-end
Analysts advise investors to stay with largecaps
![FMCG sector weight in Nifty 50 falls to lowest level since 2010](https://reseuro.magzter.com/100x125/articles/18959/1753789/b1zevXTycA0Hb5boVGdsys/FMCG-SECTOR-WEIGHT-IN-NIFTY-50-FALLS-TO-LOWEST-LEVEL-SINCE-2010.jpg)
FMCG sector weight in Nifty 50 falls to lowest level since 2010
Weak financial results reason for waning investor interest: Analysts
![Yin, yang and assumptions](https://reseuro.magzter.com/100x125/articles/18959/1753789/24oyCyexW1720040693446/YIN-YANG-AND-ASSUMPTIONS.jpg)
Yin, yang and assumptions
India and China are two of the world's largest civilisations, countries and Leconomies.
Lagging indicator
Gender diversity in India Inc still sub-optimal