MODI RUBBER LTD. SHARE PRICE [LIVE]

BSE: INE832A01018   NSE: MODIRUBBER   SECTOR: Tyres

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NSE
54.10
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55.60
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Name Mar 21 Dec 20

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If I had made LUMPSUM investment of ₹ 1,00,000

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My investment would be worth ₹ 1,41,900 with a Gain of 41.90 %

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Frequently Asked Questions

What is the Share price of MODI RUBBER LTD. (MODIRUBBER)?

MODI RUBBER LTD. (MODIRUBBER) share price as of August 12, 2022, on NSE is Rs 54.10 (NSE) and Rs 55.60 (BSE) on BSE.

Can I buy MODI RUBBER LTD. (MODIRUBBER) shares?

Yes, You can buy MODI RUBBER LTD. (MODIRUBBER) shares by opening a Demat account with Angel One.

How do I buy MODI RUBBER LTD. (MODIRUBBER) from Angel One?

MODI RUBBER LTD. (MODIRUBBER) share can be brought through the following modes:
  1. Direct investment: You can buy MODI RUBBER LTD. (MODIRUBBER) shares by opening a Demat account with Angel One.
  2. Indirect investment: The indirect method involves investing through ETFs and Mutual Funds that offer exposure to MODI RUBBER LTD. (MODIRUBBER) shares.

In which sector do MODI RUBBER LTD. (MODIRUBBER) belong?

MODI RUBBER LTD. (MODIRUBBER) belongs to Tyres.

About MODIRUBBER

Today's live share price for MODI RUBBER LTD. is NSE: ₹ 54.10, BSE: ₹ 55.60 with a current market capitalization of .

Incorporated in Feb.'71, Modi Rubber (MRL), a B K Modi group company, manufactures automobile tyres. It has entered into a technical collaboration with the German tyre major, Continental Aktiengesellschaft, to manufacture steel radial tyres for trucks. The company has a state-of-the-art plant at Modipuram, which is one of the most modern tyre manufacturing plants in Asia. The company has a 12.4% market share and is doing well on the export front. It has also won the CAPEXIL export award for its excellent export performance. MRL exports to countries like Vietnam, the Philippines, Singapore, the US, the UK, Bangladesh, Afghanistan, Syria, Sri Lanka and the Latin American countries. However exports to Pakistan and Afganistan received a set back due to political condition and a stiff competition from China. The company has set up the facilities for manufacture of automobile tubes at Partapur, UP. The company expansion plans for manufacture of radial tyres for passenger cars and light commercial vehicles with latest technology from collaborator has been very supportive. The company has been successful in launching new range of Truck & LCV tyres as well as premium tractor tyres which are finding better acceptance in the market. It has introduced a number of new tyres for super heavy and heavy load areas, under the brand name Multilife 2000 and Marathon 2000. The company is planning to tap normal load areas like South India and part of West Zone in India with upgraded technology tyres, to further increase its market share in these regions. In a move that would aid the existing promoters of the company in coming up with an open offer for buying out the 44% stake of the financial institutions in the company, the promoters have spoken to various NRI investors to bring in investments to the tune of $8-10 million, the open offer by purchasing a maximum of 52.58 lakh shares representing 21% of the company's paid up equity. The proposal is awaiting a final approval from the Industry Minister.

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