Tyre maker CEAT Ltd on Wednesday reported a 46.48 per cent decline in consolidated net profit to Rs 97.03 crore for the third quarter ended December 31, impacted by high raw materials costs. The company had posted a consolidated net profit of Rs 181.28 crore in the same quarter last fiscal, CEAT Ltd said in … Read more
Tyre stocks have been enjoying an upward rally in the past few months. Major players like Apollo Tyres and JK Tyres have enjoyed a surge of nearly 16% on the charts. With the reports of increase in the price of tyres, the stocks from the sector may come under the radar of investors positioning them … Read more
In a classic case of slip between the cup and the lip as the tyre stock MRF fell short of just Rs 66.50 to hit the Rs 100,000 mark. The stock of this Chennai-based company hit its 52-week high of Rs 99,933.50 on the NSE on Monday in intraday trade before ending in the red. … Read more