Like JK Tyre and Industries: Mahantesh Sabarad

Mahantesh Sabarad, Deputy VP-Research, SBICap Securities told CNBC-TV18, "In the ancillary space, we are looking at the tyre space, that is thanks to the low crude prices, a lot of raw material prices are down, and they have an opportunity to actually expand their margins. For example, we like JK Tyre and Industries in that space."At 13:06 hrs JK Tyre and Industries was quoting at Rs 91.50, up Rs 1.55, or 1.72 percent. It has touched an intraday high of Rs 92.50 and an intraday low of Rs 89.60.