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Eternal, JK Tyre, Asian Paints Stocks Gain Up to 5% as Crude Prices Drop
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Eternal, JK Tyre, and Asian Paints stocks have gained up to 5% as crude prices dropped below $91 per barrel. The stocks are sensitive to crude oil prices and have benefited from the decline.
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Eternal, JK Tyre, Asian Paints Stocks Gain Up to 5% as Crude Prices Drop
Eternal, JK Tyre, and Asian Paints stocks have gained up to 5% as crude prices dropped below $91 per barrel. The stocks are sensitive to crude oil prices and have benefited from the decline. Paint stocks traded higher as lower crude oil prices reduce the cost of petrochemical-based raw materials used in manufacturing. Shares of crude-sensitive companies rose up to 6% on Monday as Brent crude fell 5% to USD 91/barrel. Easing West Asia tensions caused crude price drop.
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