In the September quarter, elevated prices of inputs led to a steep margin erosion for key listed tyre makers
Tyre stocks were on a roll on Tuesday. Stock prices of Ceat Ltd, Apollo Tyres Ltd, JK Tyres & Industries Ltd, and Balkrishna Industries Ltd rose 4-14% on the NSE on hopes that volumes would see a strong rebound in the next few years, aided by a broad-based recovery in OEM and replacement demand.
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