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LTP
-9.45 (-1.85%)
Volume
18,11,203
Market Cap
₹32,495 Cr
52W Low
₹368.10
52W High
₹584.90
LTP
-36.55 (-1.28%)
Volume
2,17,603
Market Cap
₹55,250 Cr
52W Low
₹2,193.80
52W High
₹3,375.00
LTP
0.00 (0.00%)
Volume
1,33,882
Market Cap
₹77 Cr
52W Low
₹4.30
52W High
₹5.80
LTP
-93.75 (-3.07%)
Volume
1,57,758
Market Cap
₹12,372 Cr
52W Low
₹2,056.35
52W High
₹3,263.00
LTP
-6.45 (-2.77%)
Volume
3,165
Market Cap
₹233 Cr
52W Low
₹114.15
52W High
₹290.00
LTP
-0.23 (-2.16%)
Volume
1,30,254
Market Cap
₹127 Cr
52W Low
₹0.00
52W High
₹11.17
LTP
-0.70 (-4.78%)
Volume
899
Market Cap
₹17 Cr
52W Low
₹0.00
52W High
₹13.95
LTP
0.00 (0.00%)
Volume
24,143
Market Cap
₹2,634 Cr
52W Low
₹1,255.25
52W High
₹1,401.80
LTP
0.13 (4.91%)
Volume
5,552
Market Cap
₹6 Cr
52W Low
₹0.00
52W High
₹2.78
LTP
0.00 (0.00%)
Volume
1,62,000
Market Cap
₹6 Cr
52W Low
₹4.50
52W High
₹10.25
LTP
-14.65 (-3.62%)
Volume
12,41,056
Market Cap
₹10,565 Cr
52W Low
₹265.00
52W High
₹553.95
LTP
-3.03 (-4.99%)
Volume
21,923
Market Cap
₹89 Cr
52W Low
₹21.00
52W High
₹66.25
LTP
-2194.05 (-1.64%)
Volume
7,120
Market Cap
₹56,539 Cr
52W Low
₹106,405.00
52W High
₹151,445.00
LTP
3.16 (1.73%)
Volume
3,70,959
Market Cap
₹724 Cr
52W Low
₹178.50
52W High
₹239.40
LTP
-155.10 (-3.76%)
Volume
9,055
Market Cap
₹3,156 Cr
52W Low
₹3,379.80
52W High
₹5,097.00
LTP
-3.40 (-4.99%)
Volume
1,50,000
Market Cap
₹83 Cr
52W Low
₹37.20
52W High
₹72.90
With Zero Brokerage on Equity Delivery
The Indian tyre industry boasts a substantial valuation exceeding USD 9 billion, comprising a diverse landscape with over 40 tyre companies and 60 manufacturing plants. Renowned for producing the widest array of tyres globally, this sector plays a pivotal role in the nation’s economic fabric. Directly employing 2 million individuals, it also indirectly supports an additional 1 million jobs through a network of dealers, retreaters, and related activities.
India’s tyre industry is globally competitive, exporting tyres worldwide. Rural areas see a surge in demand due to limited public transport, pushing people towards vehicle ownership.
Tyres, circular parts filled with compressed air and fitted on rims, play crucial roles in supporting vehicle load, providing traction, absorbing impact, and enhancing comfort. The market offers a variety of tyre types (radial, bias), sizes (small to large), and price segments (low, medium, high), showcasing its adaptability to diverse consumer needs. The industry’s vitality lies in its ability to cater to the evolving demands of domestic and international markets.
Between 2023 and 2029, the Indian tyre market is projected to grow steadily at a CAGR of 5.54%, reaching 256.24 million units by 2029. The surge is fueled by an increasing demand for radial tyres, driven by superior performance and fuel efficiency. The growing number of vehicles on Indian roads and government initiatives promoting road safety are key factors.
Additionally, there’s a rising preference for tubeless tyres and a noticeable shift towards eco-friendly options. Online tyre sales are also on the rise, thanks to e-commerce platforms, reflecting changing consumer preferences in the Indian tyre market.
Before investing in the tyre sector, it’s essential to consider several factors to make informed decisions:
To invest in sector stocks via Angel One, follow these steps:
You can track the status of the purchase from the ‘Positions’ section in the ‘Orders’ module. Once the stock is delivered, you can track its gains and losses from your ‘Portfolio.’
Tyre sector stocks represent shares in companies engaged in the manufacturing and distribution of tires for vehicles, offering investors opportunities to participate in the performance and growth of the tyre industry.
As of February 2, 2024, MRF Ltd is the top stock from the tyre sector with a market capitalisation of ₹60,469.11 crore.
One of the few key performance indicators for evaluating tyre sector stocks is revenue growth and metrics like profit margins, market share, and inventory turnover ratio.
Investing in tyre sector stocks can be attractive due to the industry’s resilience, driven by steady demand from the growing automobile market, global competitiveness, and essential role in transportation.
Balkrishna Industries Ltd is one of the best tyre sector stocks on the basis of 5Y CAGR from the NIFTY 500 universe. As of February 2, 2024, the company recorded a CAGR of 24.47% in the past 5 years.
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