The counter lost ground in afternoon trades on selling pressure after the company recorded their quarter ended September 30 results.
The company announced results during afternoon trades on Tuesday. For Q2, it reported a 37 per cent fall in net profit to Rs 17.28 crore compared with Rs 27.35 crore in the corresponding period of the previous year. Total income went up by 28 per cent to Rs 481.12 crore from Rs 376.78 crore in September 2002.
According to market sources, the rise in rubber prices and the fall in tyre prices have impacted the company
