India: Tyre stocks rise as natural rubber prices fall

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Tyre stocks were witnessing upward momentum on the bourses on Wednesday after in international markets fell to its lowest in two weeks. dropped as much as 6.7% to 13,215 yuan, its lowest since October 31, 2017.

Tyre stocks namely Apollo traded higher by 3% at Rs 239 per share, Industries traded up 1%, Ceat traded higher by 3% at Rs 1,774 per.

Balkrishna Industries Ltd is currently trading at Rs 2235, up by Rs 155.8 or 7.49% from its previous closing of Rs 2079.2 on the BSE.

MRF Ltd is currently trading at Rs 69135.9, up by Rs 1392.45 or 2.06% from its previous closing of Rs 67743.45 on the BSE. The scrip opened at Rs 67400 and has touched a high and low of Rs 69600 and Rs 67400 respectively.

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CEAT Ltd is currently trading at Rs 1767, up by Rs 50.7 or 2.95% from its previous closing of Rs 1716.3 on the BSE. The scrip opened at Rs 1741 and has touched a high and low of Rs 1792.15 and Rs 1690 respectively.

Ltd is currently trading at Rs 238.75, up by Rs 7.3 or 3.15% from its previous closing of Rs 231.45 on the BSE. The scrip opened at Rs 234.9 and has touched a high and low of Rs 241.1 and Rs 231.5 respectively.

TVS Srichakra Ltd is currently trading at Rs 3283.6, up by Rs 125.05 or 3.96% from its previous closing of Rs 3158.55 on the BSE. The scrip opened at Rs 3200 and has touched a high and low of Rs 3351 and Rs 3139.95 respectively.

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