Tyre stocks gain on falling rubber prices

Reuters Updated - April 03, 2018 at 11:33 AM.

MRF Ltd rose as much 3.25 per cent to an all-time high of ₹ 75,500.

Tyre stocks gained on falling rubber prices. Shares of tyre makers Apollo Tyres Ltd and TVS Srichakra Ltd were up over 2 per cent each in the morning trade.

MRF Ltd rose as much 3.25 per cent to an all-time high of ₹ 75,500. Ceat Ltd jumped as much as 4.1 per cent to ₹ 1,602, its highest since March 16.

The benchmark Tokyo Commodity Exchange rubber contract for September delivery dropped ¥2.9, or 1.6 per cent, to ¥178.7 per kg by 0032 GMT.

Published on April 3, 2018 05:58