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Tyre stocks in demand: JK Tyre, Apollo rally up to 4%, MRF hits new high
Tyre stocks rallied today on expectation that the recent correction in raw material prices will benefit the companies favourably from the latter part of Q2FY26
Farm segment-driven demand outlook remains strong for Balkrishna Industries
Raw material/freight costs will however weigh on its near term margins
Tyre stocks in focus; Balkrishna Ind rallies 9%, hits fresh record high
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 Tires announces collaboration with six franchises for IPL 2020
BKT has already been promoting cricket by supporting the Big Bash League based on an agreement with Cricket Australia
Tyre stocks in focus; Balkrishna Industries hits new high
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.
