Falling raw material costs lift Tyre stocks; analysts expect margin recovery

Domestic brokerage firm Motilal Oswal Financial Services believes that moderation in raw material (RM) prices will boost the margin recovery of tyre manufacturers. WTI crude futures fell 8.09% to $73.77 a barrel. Brent crude futures dropped 8.56% to $78.56 a barrel.

MRF drops 7% after profit margins hit by high costs

MRF's overall expenses increased as a result of higher raw material prices, which reduced profit margins. During the second quarter, total expenses jumped by 21.86% to  <span class='webrupee'>₹</span>5,345.7 crore, compared with  <span class='webrupee'>₹</span>4,386.7 crore in the corresponding period last year.

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Falling raw material costs lift Tyre stocks; analysts expect margin recovery

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