Tyre makers up on price hike reports

Shares of tyre manufacturers were trading higher following a newspaper report that companies may raise tyre prices to counter rising natural rubber prices, dealers said. According to the Business Standard report, tyre companies have raised prices four times since January. Indian rubber futures hit reord high on global cues last week. 

At 2.47 p.m., shares of MRF , JK Tyres & Industries , Ceat and Apollo Tyres were up 1.49-3.76 percent.

(economictimes.indiatimes.com)