MRF shares fall nearly 1% amid crude oil price spike following Israel-Iran conflict
By Aditya Bhagchandani Published on June 13, 2025, 09:40 IST
Shares of MRF Ltd slipped 0.51% to ₹1,35,690 in Friday's session as investors turned cautious amid a surge in global crude oil prices triggered by rising geopolitical tensions in the Middle East. The Israel-Iran conflict has pushed Brent crude prices above $77 per barrel, a rise of over 10%, raising concerns about higher input costs for tyre manufacturers like MRF.
MRF, one of India's leading tyre makers, relies heavily on petroleum-based raw materials such as synthetic rubber and processing oils. A sharp increase in crude oil prices significantly impacts the company's production costs and operating margins.
The stock movement is in line with broader weakness across sectors vulnerable to oil inflation, including aviation, paints, logistics, and chemicals. Analysts expect continued pressure on tyre stocks like CEAT and Apollo Tyres as well if oil prices remain elevated.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions.
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Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
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MRF shares fall nearly 1% amid crude oil price spike following Israel-Iran conflict
By Aditya Bhagchandani Published on June 13, 2025, 09:40 IST Shares of MRF Ltd slipped 0.51% to ₹1,35,690 in Friday's session as investors turned cautious amid a surge in global crude oil prices triggered by rising geopolitical tensions in the Middle East. The Israel-Iran conflict has pushed Brent crude prices above $77 per barrel, a rise of over 10%, raising concerns about higher input costs for tyre manufacturers like MRF. MRF, one of India's leading tyre makers, relies heavily on petroleum-based raw materials such as synthetic rubber and processing oils. A sharp increase in crude oil prices significantly impacts the company's production costs and operating margins. The stock movement is in line with broader weakness across sectors vulnerable to oil inflation, including aviation, paints, logistics, and chemicals. Analysts expect continued pressure on tyre stocks like CEAT and Apollo Tyres as well if oil prices remain elevated. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
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CA Rudramurthy BV , MD, Vachana Investments, sees a buying opportunity in Nifty around 24,800, targeting 25,600. Bank Nifty has broken above 54,500, with 55,900-56,000 as strong support. Dips to these levels are buying opportunities , targeting 58,000 and 60,000. Despite Thursday's weakness due to geopolitical concerns, 25,000 is expected to hold. Short covering is anticipated next week, given high FII net short positions. Rudramurthu is bullish on pharma and defence sectors and highlights Divi's Lab , Laurus Lab , HAL , and BEL as top picks. Attractive opportunities also exist in chemicals with Navin Fluro and Tata Chemical, insurance with HDFC Life and SBI Life, and mid-sized banks like RBL Bank and Federal Bank. How do you see the trade happening on Nifty as well as Bank Nifty? 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