Institutional investors bearish on tyre firms as rubber costs soar

Soaring rubber prices and a slowdown in growth of commercial vehicle sales over rising auto loan rates are prompting institutional investors to take a bearish view on tyre manufacturing companies in the country, according to analysts. While they feel earnings of industry leaders like Ceat, MRF, Apollo and JK Tyres, will be under pressure in the coming quarters, these concerns have caused a

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