ET Now: Tyre companies would observe some tangible benefits of falling rubber prices in the fourth quarter results. What is your call on this space? Any particular stock that you would like to recommend?
Neeraj Deewan: We have JK Tyre and Apollo Tyres under our coverage. Both of these stocks can be looked at from a long-term perspective.
There would definitely be some selling pressure in the short run. One needs to take a call on when these tyre stocks make a base, and only then buy them.
Hence. we continue to remain bullish on JK Tyre and Apollo Tyres. That said, you have to go through this correction and buy them when they make a base, before they resume their uptrend.
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