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Ideas For Profit | Is it time to add tyre stocks to your core portfolio?

Tyre manufacturers — CEAT, Apollo Tyres and MRF — are seeing a stellar ride on the back of a sharp pick-up in demand from OEMs and the replacement segment. Q4 FY21 numbers corroborate the strong pick-up in demand. At the current market price, valuations of these companies look attractive given the demand outlook. Here’s why you should include them in your core portfolio.

Moneycontrol News
June 21, 2021 / 19:47 IST
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TAGS: #Apollo Tyres #Ceat #Covid-19 #Crude oil #earnings #MRF #Result Analysis #rubber #tyre companies #tyre stocks #valuations #videos
first published: Jun 21, 2021 07:38 pm

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