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Brent crude is a major source of synthetic rubber and other petrochemical products used in tyre manufacturing. As crude prices drop, the cost of these raw materials also decreases, reducing production costs for tyre companies.
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It is expected that the market share level in PCR will improve with better product positioning and further availability of capacity through expansion
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In December 2022, NCLAT directed the CCI to pass a fresh order citing the need to re-examine arithmetical and inadvertent errors as well as to review the penalty to save the domestic tyre industry.
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The tyre maker had reported a net profit of Rs 65 crore in the July-September period of last fiscal.
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In 2022, so far, the stocks have revved up significantly. MRF, CEAT and JK Tyres have surged between 15 and 18 percent and analysts believe there’s more upside in store
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The tyre manufactures had exchanged price-sensitive data amongst them through the platform of their association, thereby violating the law that prohibits anti-competitive agreements, per the CCI statement.
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The move comes four days after Apollo Tyres, India’s second largest tyre producer, said that its senior management will take a pay cut of 25%
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Here's a list of car tyres which can suit your needs, and keep your car planted to the ground.
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The government raised basic customs duties across air conditioners, refrigerators, washing machines (
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Various other automobile firms, including, JK Tyres, Royal Enfield, Hyundai, Ford, Renault and had also suspended operations at their respective plants in and around Chennai due to flooding caused by the heaviest rainfall in the city in
over a century.
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ICICIdirect.com has come out with its report on tyre sector. Natural rubber prices are likely to remain muted as supply outstrips demand, says report.
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Dipan Mehta, Member of BSE & NSE is of the view that one may prefer JK Tyre, Ceat and MRF over Apollo Tyres in the tyre space.
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Rajen Shah of Angel Broking says he is positive on tyre industry. "JK Tyre looks more promising because on a valuation basis it is the cheapest," he adds. He feels the stock can move to Rs 220-225.
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Angel Broking is bullish on Britannia Industries and JK Tyre and expects strong upside going ahead.
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Rajen Shah of Angel Broking is positive on Punj Lloyd, JK Tyres & Godrej Prop. He is is bearish on DLF and advices to continue holding Cummins India.
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In CNBC-TV18's popular show Bull's Eye, Ashish Kapur, Investshoppe shares trading strategy of the day.
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Rajen Shah of Angel Broking in an interview to CNBC-TV18 picked two multibagger stock ideas for the day. He expects JK Tyre and India Cements fetching better returns in the span of two-three years.
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2011 is shaping up to be a historic year for Indian motor sports and that’s because India's first ever Formula One Race, The Indian Grand Prix is now scheduled for the 30th of October right here in Delhi.
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Emkay Global Financial Services has come out with its report on stocks like GIPCL, IRB Infra, JK Tyres, IPCA Labs and Madras Cement.
