Possibly the company is benefitting from the softening yen. 
Or is it the USD ? 

Nice to see Stamford Tyres hitting 36.5 cents,  its highest since June ’08.

Why the  price rise in the face of  a loss of $2.97 mln for Q2 ended Oct ’12 from $330,000 profit a year ago?

The market is a mystery, but I suspect value investors are picking up this stock for its big discount to NTA.

Its yield is 4.1% based on the 1.5 cents annual dividend for the last 2 fiscal years.

Stamford Tyres shares are now priced at 33.5 cents by the market. Trading cum dividend of 1.5 cent a share.

It is still a substantial discount to the NTA which I reckon is in the 60s. The NTA will creep up in the years to come from the profitable tyre business. The real NTA will get boosted by jumps in the value of the industrial properties Stamford owns. All in, an undervalued gem

After the disposal of stake in SRITP, the nta goes up to 50.4 cents a share, according to its press release. The stock is not heading up, so trades at a big discount. I was just thinking about its ownership of warehouses, tyre centres, service centres, etc. These are recognised at book value -- historical cost -- on its books, and surely the NTA would be much higher if based on the current market values of those real estate assets. The challenge for Stamford is to unlock the value . There seems to be only 1 way -- divest some of the assets.  Irony is, that would shrink the business volume.