No major trading upside to expect in tyre stocks : Prashasta Seth

In a chat with ET Now, Prashasta Seth, Senior Fund Manager, IIFL Wealth, shares his views on tyre stocks. Excerpts:

ET Now: What would be the call on the tyre stocks after the rally that we are seeing till now?

Prashasta Seth: Rubber prices are pure commodity stocks; the benefit of rubber price goes directly into the bottom line.

After this rally, we would see a consolidation; we will not see a very significant upside from where we are at this point of time.