Indian tyre makers the big winners from rubber price slump

Newswire

By Rajendra Jadhav MUMBAI, Nov 1 (Reuters) - India's tyre firms have stocked up on rubber at low prices, locking in healthy margins that have helped their share prices outperform those of international competitors over the past month. The two biggest gainers among the 59 tyre and rubber companies in the Thomson Reuters Global Index over that period were CEAT Ltd and JK Tyre and Industries Ltd , which rose 51 percent and 39 percent respectively. ...

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