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.
Hot Stocks: Brokerage view on Max Financials, Pidilite, JSW Energy and PB Fintech
Morgan Stanley rates PB Fintech as Equal Weight, Jefferies suggests buying JSW Energy, Goldman Sachs reaffirms its buy rating on Pidilite Industries, and UBS recommends