Over the past 12 months, raw material costs of the tyre companies increased by 50-60% to Rs 175-182 per kg due to higher prices of natural rubber and crude oil linked inputs such as manmade rubber and carbon black.
Nifty’s short-term trend seems to have reversed down after a reasonable rise from the lows. Immediate support is placed at 22,300 and the weakness below
State-owned Bank of Maharashtra (BoM) on Friday reported a 45 per cent jump in its net profit to Rs 1,218 crore for the March quarter,
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