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.
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