Tyre stocks have been under pressure for a number of reasons. Firstly, most tyre companies saw a spike in raw material costs and that thinned their margins. Secondly, the OEM demand for tyres from auto companies has been compressing due to weak auto demand. That is also putting pressure on these auto companies. In addition, there is a major risk of import threat from China. China is able to produce radials at much lower rates and they have already been flooding the markets at this point of time. However, with the recent weakness in China, they will look to give a boost to growth by giving a major push to cheaper manufacture and also cheaper Yuan to boost exports to other nations. The pressure on JK Tyre is likely to continue and so it is best that you stay cautious on this counter.