rallied +12.6% to ₹4,204, posting its strongest single-day move in months. The stock has broken above multiple resistance zones, trading firmly above short-term EMAs (₹3,570–₹3,700). Volume spike confirms institutional participation. RSI points to strong bullish momentum with no immediate signs of exhaustion. Fundamental View: Strong Q2 results with margin expansion driven by decline in raw material costs and premium tyre mix. Focus on high-margin segments — PVs, SUVs, and exports — supporting sustainable growth. FY25E PE ~17x; ROCE improving above 18%. 🎯 Target: ₹4,500–₹4,700 (+12%) 🛑 Stop-Loss: ₹3,900 📊 Bias: Bullish – strong trend continuation after breakout.

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