Tyre companies have posted a decent performance in the fourth quarter of the last financial year despite muted demand from original equipment manufacturers (OEMs). Though sales suffered a double-digit percentage decline on a year-on-year (YoY) basis, the operating profitability of companies such as CEAT (CMP: Rs 995, Mcap: Rs 4,085 crore), Apollo Tyres (CMP: Rs 141.75, Mcap: Rs 8,108 crore) and MRF (CMP: Rs 66,063 Mcap: Rs 28,700 crore) improved significantly because of a sharp drop in raw material...
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In today’s edition of Moneycontrol Pro Panorama: A peek into Strategy Lab, ITC makes it to Weekly Tactical, wide canvas for Nazara, shock proof your portfolio and more
Read NowMoneycontrol Pro Weekender | People’s Bank of China rides to the rescue
May 21, 2022 / 10:10 AM IST
The central bank of China – an outlier in these times of quantitative tightening – has eased its policy to salvage the Chinese economy. And the messaging is not lost on global growth
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