TYRE Sector: Q3 was disappointing for the Tyre sector. Increasing natural rubber price and Demonetisation has played a crucial role in the show. As far as numbers are concern, the profits of the companies were down in the range of 20% to 30%, while revenues were up marginally in the range between 2% to 5%. Market leader MRF has posted decline both in profits as well revenues, while Ceat and JK tyres a posted decline in profits and marginally increment in profits. The star performer in the