Shares of tyremaker JK Tyre & Industries surged nearly 7% to a record high on Tuesday after the firm reported its Q2 earnings. Stocks of other tyremakers such as Goodyear India (2%), CEAT (2.37%), Tolins Tyres (2.5%), Apollo Tyres (4.76%), Balkrishna Industries (1.97%) and TVS Srichakra (1.60%) also gained in early deals today after JK Tyre earnings supported investors sentiment for other tyre makers. Advertisement

Shares of JK Tyre & Industries surged 6.70% to a high of Rs 439.85 against the previous close of Rs 412.20. Market cap of the firm stood at Rs 11,636 crore.

JK Tyre shares have approached the overbought zone on charts, with their RSI standing at 69.6. An RSI above 70 signals the stock is overbought on charts. JK Tyre stock trades higher than all its long-term and short-term

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