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Share prices of tyre companies moving down

News 2
Posted: February 6, 2018 at 10:46 am   /   by   /   comments (0)

SENSEX falls from highs above 36,400 to lows touching almost 33,400 – a drop of 3,000 points.

Tyre companies are also facing a downturn in share prices.

 

TYRE CO. 52 WEEK HIGH RS. PRICE ON 6TH FEB 2018 RS. % DECLINE
MRF 74500 64000 14.1
APOLLO 288 229 20.5
CEAT 2019 1462 27.6
JK 192 158 17.7
BKT 1285 1060 17.5
GOODYEAR 1258 920 26.9

 

Although the Sensex has fallen barely 9 % the tyre companies have taken a steep fall from their 52 week highs.

It may make sense to look into investing in some of these shares in the days to come.

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