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LTP
-1.60 (-0.37%)
Volume
19,46,020
Market Cap
₹27,230 Cr
52W Low
₹370.90
52W High
₹584.90
LTP
-30.80 (-1.19%)
Volume
8,17,305
Market Cap
₹49,902 Cr
52W Low
₹2,253.00
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
-43.20 (-1.50%)
Volume
1,24,281
Market Cap
₹11,682 Cr
52W Low
₹2,210.15
52W High
₹3,578.80
LTP
1.85 (0.92%)
Volume
2,566
Market Cap
₹201 Cr
52W Low
₹140.10
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
0.55 (0.54%)
Volume
2,13,600
Market Cap
₹198 Cr
52W Low
₹99.00
52W High
₹198.95
LTP
1.43 (4.86%)
Volume
14,045
Market Cap
₹36 Cr
52W Low
₹20.92
52W High
₹30.87
LTP
0.00 (0.00%)
Volume
24,143
Market Cap
₹1,881 Cr
52W Low
₹0.00
52W High
₹1,311.95
LTP
0.13 (4.91%)
Volume
5,552
Market Cap
₹6 Cr
52W Low
₹0.00
52W High
₹2.78
LTP
0.70 (1.90%)
Volume
105
Market Cap
₹37 Cr
52W Low
₹5.30
52W High
₹37.55
LTP
1.75 (0.62%)
Volume
5,33,066
Market Cap
₹7,752 Cr
52W Low
₹243.00
52W High
₹511.00
LTP
-1057.15 (-0.92%)
Volume
10,576
Market Cap
₹48,459 Cr
52W Low
₹102,124.05
52W High
₹143,849.90
LTP
0.91 (0.79%)
Volume
3,02,245
Market Cap
₹455 Cr
52W Low
₹107.72
52W High
₹259.20
LTP
-21.55 (-0.84%)
Volume
46,970
Market Cap
₹1,954 Cr
52W Low
₹2,500.00
52W High
₹4,900.00
LTP
-0.95 (-1.49%)
Volume
6,000
Market Cap
₹78 Cr
52W Low
₹47.50
52W High
₹73.50
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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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