Bridgestone Supplier’s 190% Rally in India Faces Slowdown Risk
- Rajratan plans foray into European markets in next 6 months
- Company sees inflation eating into demand at home and abroad
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Volatile commodity prices may pose a threat to this year’s stellar rally in shares of Rajratan Global Wire Ltd., an Indian supplier to tire makers such as Bridgestone Corp. and Yokohama Rubber Co.
With no clear signs that the global macro economic situation will improve soon, demand for its products has waned in the July to September quarter as the company’s top customers stocked up on inventories and held back from fresh orders.