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Latest Breaking News On - Jk tyre industries - Page 18 : comparemela.com

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Tyre stocks have been on a tear over the past six months, with average returns exceeding 45 per cent. Except for Apollo Tyres, which has seen a slight correction in the last month and a half, limiting its gains to 16 per cent, listed peers such as MRF, CEAT Tyres (formerly Cavi Elettrici e Affini Torino), and JK Tyre & Industries have delivered returns exceeding 30 per cent during this period. Production-related constraints and sluggish demand in Europe, where sales are expected to remain flat, coupled with high valuations, have contributed to Apollo Tyres underperformance. The tyre sector s gains can be attributed to robust growth trends driven by the replacement market, which constitutes more than two-thirds of sales.

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