This Article is From Aug 04, 2014

Apollo Tyres, JK Tyre Gain on Weak Rubber Prices

Apollo Tyres, JK Tyre Gain on Weak Rubber Prices

Shares in tyre makers gain after traders note rubber prices hovering near their lowest levels in 4-1/2 years, with better monthly auto sales also helping sentiment.

Shares in Apollo Tyres Ltd gained 3.2 per cent, while JK Tyre and Industries Ltd was up 5.2 per cent.

Ceat Ltd added 5 per cent and MRF Ltd gained 1 per cent.

Copyright: Thomson Reuters 2014