Stocks

Tyre makers rise as govt slaps duties on some Chinese imports

Reuters | Updated on June 25, 2019 Published on June 25, 2019

Shares of JK Tyre and Industries Ltd, CEAT Ltd , MRF Ltd and Apollo Tyres Ltd rise. Representative image   -  BusinessLine

Shares of JK Tyre and Industries Ltd, CEAT Ltd , MRF Ltd and Apollo Tyres Ltd rise as much as between 3 per cent and 7.2 per cent on government’s impostion of duty on Chinese imports. The government imposed countervailing duty on new pneumatic radial tyres imported from China for five years.

JK Tyre posts biggest intraday per cent gain since March 5. As of last close, stock dives 26.5 per cent this year, MRF loses 18.4 per cent, while CEAT sinks 31 per cent in the same period

Published on June 25, 2019
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