Trend:
The stock has shown a sharp uptrend after a major breakout above ₹3,611, continuing to post strong weekly gains. It’s now moving toward multiple supply zones, indicating further upside potential.
Key Levels -
Breakout Level: ₹3,611.20
Immediate Support: ₹3,936.80
Major Support: ₹3,611.20
Supply Zones: ₹4,483.00 / ₹4,903.15
Fundamentals (Key Points):
🏍 Leading tyre manufacturer with strong domestic and export presence.
📈 Improving margin trajectory backed by falling input costs and higher volume growth.
💰 Low debt and strong cash flow generation support valuation stability.
📊 Earnings recovery continues; long-term growth outlook positive.
⚠️ Near-term consolidation possible around ₹4,450 zone due to overhead supply.
Final Verdict:
Bullish — Sustaining above ₹3,900 indicates trend strength; targets ₹4,450–₹4,900 in coming sessions.