India: Tirupati Tyres may gain from Michelin order
The Press Trust of India (PTI) reports that the Indian stock market is “abuzz with excitement” surrounding Tirupati Tyres Limited as rumours of a Rs 3.5 billion (£32.2 million) raw material supply order from global player Michelin gain traction. Although neither Michelin nor Tirupati Tyres have announced any such transaction, PTI notes that the finalisation of such a potential deal could “send Tirupati Tyres’ stock price skyrocketing” – according to PTI, experts predict a “staggering 1250 per cent gain” in the Tirupati Tyres share price over the coming six months.