Raw material/freight costs will however weigh on its near term margins
Apollo Tyres, Ceat, MRF and JK Tyre were up 3 per cent to 7 per cent on the BSE, as compared to 1.3 per cent rise in the S&P BSE Sensex at 12:20 pm
BKT has already been promoting cricket by supporting the Big Bash League based on an agreement with Cricket Australia
TVS Srichakra, Goodyear India, Ceat, Apollo Tyres and MRF were up between 2% and 7% against 0.19% decline in the S&P BSE Sensex at 11:51 AM.