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BUZZ-India's tyre makers fall as rubber prices hit 2-yr high
January 12, 2017 / 9:32 AM / 8 months ago

BUZZ-India's tyre makers fall as rubber prices hit 2-yr high

** Shares of Indian tyre manufacturers fall as natural rubber prices hit 2-1/2 year highs

** MRF Ltd, Ceat Ltd, JK Tyre & Industries and Apollo Tyres fall between 0.6 and 2.4 pct

** About 40 pct of the cost of production is natural rubber prices, says analyst

** JK Tyres & Industries records biggest single-day percentage drop in three weeks

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