Tolins Tyres rises on launching Heavy-Duty Tractor Rear Tyres
Tolins Tyres is currently trading at Rs. 156.50, up by 0.65 points or 0.42% from its previous closing of Rs. 155.85 on the BSE.
The scrip opened at Rs. 156.90 and has touched a high and low of Rs. 157.05 and Rs. 151.90 respectively. So far 5808 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 259.00 on 05-Dec-2024 and a 52 week low of Rs. 108.00 on 04-Mar-2025.
Last one week high and low of the scrip stood at Rs. 169.50 and Rs. 142.05 respectively. The current market cap of the company is Rs. 618.31 crore.
The promoters holding in the company stood at 68.53%, while Institutions and Non-Institutions held 2.57% and 28.90% respectively.
Tolins Tyres has launched its Heavy-Duty Tractor Rear Tyres, further expanding its agricultural product portfolio. The company's current range of agricultural products already features tractor trailer tyres, tractor front tyres, and tiller tyres. With the addition of tractor rear tyres, the company now has a full tyre solution for tractors-front and rear-allowing farmers to take advantage of better performance and reliability across their agricultural operations.
This strategic expansion also unlocks a new market segment in agriculture, which is expected to drive substantial growth for the company. The company plans to utilize its robust network of over 1,200 dealers to make products widely available and accessible for farmers all over India.
Tolins Tyres is primarily engaged in manufacturing of bias tyres for vehicles (including LCV, agricultural and two/three-wheeler vehicles) and procured tread rubber. It also manufactures ancillary products like bonding gum, vulcanizing solution, tyre flaps and tubes.
