Tyre companies have posted a decent performance in Q3 despite demand getting affected by weak demand for automobiles. Though sales remain largely muted, 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) has improved due to the significant decline in raw material (RM) prices. Concerns over demand from OEMs (original equipment manufacturers) have kept sentiment subdued for tyre companies,...
Moneycontrol Pro Panorama | Catch-22 for markets
May 17, 2022 / 03:21 PM IST
In today’s edition of Moneycontrol Pro Panorama: A quality bet, PPL’s tryst with market, what Adani buy means, Guruspeak and moreRead Now
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