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Shares of tyre makers rallied up to 7 per cent on the BSE in Thursday's intra-day trade, in an otherwise subdued market, amid rising expectation of margins improvement on the back of falling raw material prices and steady product pricing.
TVS Srichakra, JK Tyre & Industries, Apollo Tyres, Balkrishna Industries, MRF and Ceat gained in the range of 3 per cent to 7 per cent on the BSE. In comparison, the S&P BSE Sensex was down 0.15 per cent at 60,568 at 10:53 AM.
Among individual stocks, Balkrishna Industries rallied 5 per cent to Rs 2,222. The company
TVS Srichakra, JK Tyre & Industries, Apollo Tyres, Balkrishna Industries, MRF and Ceat gained in the range of 3 per cent to 7 per cent on the BSE. In comparison, the S&P BSE Sensex was down 0.15 per cent at 60,568 at 10:53 AM.
Among individual stocks, Balkrishna Industries rallied 5 per cent to Rs 2,222. The company
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