MUMBAI, FEB 9:
Shares of tyre manufacturers have fallen on rising rubber prices.
Apollo Tyres Ltd fell 15 per cent, JK Tyre and Industries Ltd 4.1 per cent, MRF Ltd 2.5 per cent and Ceat Ltd 2.5 per cent.
Rubber prices jumped 5 per cent in the last one week on expectations of a hike in the import duty, traders said.
The Government may hike the import duty on rubber to 30 per cent from 20 per cent in the upcoming Budget, they said.
– The Hindu
