September 27, 2018 / 4:41 AM / 2 months ago

BUZZ-India's tyre makers up after govt raises import tariffs

** Shares of JK Tyre and Industries Ltd, CEAT Ltd and Apollo Tyres Ltd rise between 3.40 pct and 12 pct

** India govt raised import tariffs on 19 “non-essential items”, including radial car tyres

** Move to reduce country’s widening current account deficit and tackle slide in rupee

** JK Tyre posts biggest intra-day pct gain since Aug. 24, 2016

** More than 1.4 mln JK Tyre shares changed hands vs 30-day avg of about 512,000

** JK Tyre falls 31.3 pct this year as of last close, Apollo Tyres loses 14.9 pct, while CEAT sinks 36.7 pct in the same period

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