Tyre stocks in focus, May 27 -- Shares of CEAT, JK Tyre & Industries, and MRF have surged following the release of their March quarter results. Strong financial performance, upbeat management commentary, and continued bullish sentiment from analysts have encouraged investors to increase their exposure to the tyre sector, driving stock prices up by over 20%.

Ceat's share price has jumped from Rs.3,060 to Rs.3,728 over 16 trading sessions, resulting in a 22% gain following the release of its March quarter results on April 30. The strong performance also pushed the stock past the Rs.4,000 mark for the first time, hitting a fresh all-time high of Rs.4,044 apiece.

Likewise, JK Tyre's share price rose over 9% after its March quarter results, ...