Shares of tyre making companies rose up to 6 per cent in Tuesday’s trading session after the government’s announced GST reforms on August 15.
JK Tyre & Industries share price leading among the gainers jumped nearly 6 per cent on September 2. Meanwhile, MRF and CEAT shares were trading 5 per cent up.
Other tyre stocks like Apollo Tyres, Tolins Tyre and Balkrishna Industries also surged more than 4 per cent during the intraday session on Tuesday.
(This is a developing story)
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