Apollo Tyres To CEAT Can Hope For A Promising Second Half Of FY23

The tyre industry is seeing a moderation in natural rubber as well as crude prices.

<div class="paragraphs"><p>(Source:&nbsp;<a href=";utm_medium=referral&amp;utm_content=creditCopyText">Robert Laursoo</a>/ <a href=";utm_medium=referral&amp;utm_content=creditCopyText">Unsplash</a>)</p></div>
(Source: Robert Laursoo/ Unsplash)
Apollo Tyres Ltd., CEAT Ltd., and JK Tyre Ltd. are trading at 52-week highs. One of the biggest triggers for the recent surge is the cool-off in commodity prices. Yet, the second quarter of the current fiscal was a mixed bag for tyremakers, mainly impacted by high input costs. Margins narrowed in the first half The second half, however, looks promising. Positive momentum from original equipment manufacturers in the auto sector, repla...
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