Tyre stocks on a roll. JK Tyre soars 27% in 2 days, Ceat hits 52-week high

Apollo Tyres, MRF and Balkrishna Industries were up in the range of 2% to 5% on the BSE.

Shares of tyre companies were on a roll for the second straight day with JK Tyre ralling 27 per cent in past two trading days, after the company reported a strong operational performance with margins hitting a four year high of 15.6 per cent in July-September quarter (Q2FY21).

At 01:29 pm; JK Tyre & Industries was trading 10 per cent higher at Rs 76.70 on the BSE. Volumes jumped over five-fold. A combined 9.5 million equity shares have already changed hands on the counter on the NSE and BSE. In comparison, the S&P BSE Sensex was up 0.40 per