CEAT, Apollo, JK Tyre: NCLAT relief may drive tyre stocks up to 16% higher

Most tyre stocks including JK Tyre, Apollo Tyres, CEAT, MRF and TVS Srichakra look strong on technical charts, looking to rally up to 16 per cent

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The National Company Law Appellate Tribunal (NCLAT) has set aside the Rs 1,788-crore penalty imposed by the Competition Commission of India (CCI) on select tyre companies for alleged cartelisation. 

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First Published: Dec 5 2022 | 12:19 PM IST

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