Tolins Tyres soars on bagging order from Institute of Road Transport
Tolins Tyres is currently trading at Rs. 191.40, up by 4.50 points or 2.41% from its previous closing of Rs. 186.90 on the BSE.
The scrip opened at Rs. 184.00 and has touched a high and low of Rs. 197.50 and Rs. 183.45 respectively. So far 20565 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. 197.50 and Rs. 181.30 respectively. The current market cap of the company is Rs. 726.17 crore.
The promoters holding in the company stood at 68.53%, while Institutions and Non-Institutions held 1.95% and 29.52% respectively.
Tolins Tyres has received order worth approximately Rs 40 crore-Rs 50 crore from The Institute of Road Transport (IRT) for Supply of Precured Tread Rubber, Bonding Gum, and Black Vulcanizing Cement to all State Transport Undertakings (STUs) in Tamil Nadu. The said order is expected to be completed in six months from October 31, 2025, or until the finalization of the next tender, whichever is later.
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.
