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Will The Tyre Juggernaut Tire Down Or Keep Rolling?
Auto stocks are running. Auto-ancillary stocks have skating wheels on. But tyre stocks are in the fast lane on an express highway.
03 Feb 2021, 12:34 PM IST
Auto stocks are running. Auto-ancillary stocks are doing one better than them, and have put on skating wheels. Lately, the segment that seems to be in the fast lane on an express highway is tyre stocks. The reasons are familiar. The last couple of years have been challenging for the Indian auto sector. Tyre industry growth has been decelerating since Q2FY19 and had gone into negative territory in Q2FY20.
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