As of October 3rd, 2023, at 4:00 PM, Tolins Tyres shares are trading at ₹186.8, reflecting a decline of
1.81% from the previous day’s closing price. The broader market context shows that the Sensex has also
experienced a drop, trading at ₹82,497.1, down by 2.1%. Throughout the trading session, Tolins Tyres
has fluctuated, recording a high of ₹191.25 and a low of ₹185.55, indicating moderate volatility in its
stock performance.
Technical Analysis
From a technical standpoint, Tolins Tyres is currently trading above the Simple Moving Averages (SMA)
for the 20, 50, 100, and 300 days, which signifies a strong long-term trend. However, it is trading
lower than the 5 and 10-day SMAs, suggesting a short-term pullback. Investors should note that
the stock may find support at the 20, 50, 100, and 300 days SMA levels while facing resistance at the
5 and 10 days SMA. This technical landscape serves as a critical insight for potential investors
considering entry or exit points.
SMA Values Overview
The SMA values for Tolins Tyres are essential for evaluating both the short-term and long-term
trends of the stock. Analyzing these values can help stakeholders discern potential price movements
and make informed decisions.
Shareholding Structure
In the recent filings for the quarter ending September, Tolins Tyres exhibited a promoter holding of
institutional investors (FII) holding
reflects the level of confidence institutional investors have in Tolins Tyres.
FII Holdings Dynamics
The FII holding has seen a change, decreasing from
which could influence the stock’s future trajectory.
Market Comparison
Today, Tolins Tyres’ share price is down 1.81%, standing at ₹186.8, amidst a mixed performance
within its peer group. While companies like Radiant Cash Management Services, Meson Valves India,
and Bright Outdoor Media are witnessing declines, peers such as Macfos are seeing a positive uptick.
This mixed performance occurs against the backdrop of benchmark indices Nifty and Sensex, which
are both down, by 2.12% and 2.1% respectively. Investors should keep an eye on how Tolins Tyres
performs relative to its peers during these fluctuating market conditions to gauge potential
investment opportunities.
