Rising input costs may deflate tyre cos’ near-term prospects

Shares of CEAT have declined 17 per cent in the last one-month while MRF and Apollo Tyres have dropped 7 per cent and 5 per cent, respectively, during this period. Except CEAT, all other six listed tyre companies are currently trading at a premium to their three-year average Price to Earnings (PE) ratio — a popular valuations measure.

from Stocks-Markets-Economic Times https://ift.tt/33uzTbI