Shares of tyre manufacturers have rallied in otherwise subdued market on hopes of higher margins due to falling rubber prices. Prices of natural rubber, the most important raw material for the industry, have dropped to multi-year low in the international market on account of poor demand from countries like China and oversupply of the commodity.
Ceat is currently trading at Rs. 781.85, up by 18.75 points or 2.46% from its previous closing of Rs. 763.10 on the BSE. The scrip opened at Rs. 769.35 and has touched a high and low of Rs. 801.70 and Rs. 765.55 respectively. So far 212045 shares were traded on the counter.
MRF is currently trading at Rs. 31905.00, up by 270.20 points or 0.85% from its previous closing of Rs. 31634.80 on the BSE. The scrip opened at Rs. 31750.00 and has touched a high and low of Rs. 32270.00 and Rs. 31510.95 respectively. So far 2577 shares were traded on the counter.
JK Tyre & Industries is currently trading at Rs. 501.10, up by 20.50 points or 4.27% from its previous closing of Rs. 480.60 on the BSE. The scrip opened at Rs. 483.90 and has touched a high and low of Rs. 507.25 and Rs. 480.00 respectively. So far, 345687 shares were traded on the counter
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| Company Name | CMP |
|---|---|
| MRF | 128601.85 |
| Apollo Tyres | 425.55 |
| CEAT | 3440.20 |
| Balkrishna Inds. | 2244.35 |
| JK Tyres & Inds. | 401.20 |
| View more.. | |
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