Tyre stocks namely Apollo tyres traded higher by 9% at Rs 285.95 per share, JK Tyre Industries traded higher by 3.66% at Rs 165.09 per share, Ceat traded higher by 4.47% at Rs 1811.07 per share and MRF traded higher by 1.87% at Rs 67,637.85 per share.
The Directorate General of Anti-Dumping and Allied Duties (DGAD) is in talks with the Finance Ministry for the imposition of anti-dumping duty on truck and bus radial tyres (TBR) imports from China.
The authority has submitted a report to the Finance Ministry which will take the final decision soon.
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