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OHT BUSINESS
Ceat targets 20% margins, $1 billion revenue from Camso acquisitionCeat Tyres is set to achieve significant growth through its Camso acquisition. The company aims for operating margins up to 20% and a $1 bi...
ET Family Business Awards: Off the beaten highway, A ticket to ride in 160 countriesBalkrishna Industries Ltd, or BKT, is a major player in the global off-highway tyre market. Exports are crucial, driving significant revenu...
Buy, Sell or Hold: Citi upgrades Dr Lal PathLabs; JM Financial initiates coverage on Balkrishna IndustriesBrokerages like Morgan Stanley, Citi, and JM Financial remain selectively positive on Indian equities, spotting opportunities in sectors li...
Ceat completes acquisition of Camso OHT, tracks businessCeat has finalized its acquisition of Michelin Group's Camso off-highway tyres and tracks business, marking a significant step in Ceat's am...
Ceat expects Camso integration to boost its topline by 10-15%Ceat anticipates a 10-15% revenue boost following the integration of Camso, acquired from Michelin for USD 225 million. This acquisition pr...
I-Sec downgrades Ceat to Hold, target price Rs 3,625ICICI Securities has downgraded Ceat to Hold with a target price of Rs 3,625, citing rich valuations after a recent stock run-up. While Cea...
I-Sec downgrades Ceat to Hold, target price at Rs 3,625ICICI Securities has downgraded Ceat to Hold with a target price of Rs 3625, despite a strong Q4 performance showing a 14.36% increase in t...
Stellar Start! Emerald Tyre Manufacturers shares list at 90% premium over IPO priceEmerald Tyre Manufacturers' shares debuted strongly on NSE SME, opening 90% above the issue price at Rs 180.50. The oversubscribed IPO, com...
Buy Ceat, target price Rs 3,500: JM FinancialJM Financial has given a buy call for Ceat, setting a target price of Rs 3500. Ceat recently agreed to acquire Camso's off-highway tire bus...
Debt & internal accruals to fund Ceat acquisition of Camso tyre biz from Michelin: Arnab BanerjeeCeat will acquire Camso's tyre and track business from Michelin. This acquisition will boost Ceat's international business. The deal will b...
CEAT shares surge 9% on Camso off-highway tyre acquisitionCEAT Share Price: CEAT's shares surged over 9% after announcing a $225 million acquisition of off-highway tire assets from Michelin. This d...
Higher share of off-highway tires business to boost overall business margins: Anant GoenkaCeat's acquisition of Michelin's off-highway tyre (OHT) brand Camso for $225 million is projected to boost Ceat's margins. The deal will in...
Ceat to acquire Michelin's Camso brand for USD 225mnCamso is a Canadian brand that makes tyres for tractors, harvesters, bulldozers and other off-highway vehicles which command higher margins...
CEAT inks pact with Michelin to acquire Camso brand's OHT, tracks biz for about $225 mnCEAT is acquiring Michelin's Camso off-highway tire (OHT) and tracks business for $225 million. This acquisition gives CEAT a global presen...
Emerald Tyre Manufacturers IPO opens for subscription. Check GMP and other detailsEmerald Tyre Manufacturers' ₹49 crore SME IPO opens, closing December 9th. Priced at ₹90-95 per share, the NSE SME listing aims to fund cap...
In farms and mines, BKT treads the growth trackThe BKT stock trades at a 30 per cent average premium over prominent Indian tyre makers.
Rise in tyre demand, product mix to drive Balkrishna’s growthRecovery in off-highway tyre market to help co in boosting its revenue
Offroad shift, output rise to drive Ceat’s earningsValuation is at a premium of 15x projected earnings; margin growth and entry into new segments will help drive it higher
Stocks to buy, sell and holdKarvy Stock Broking has a buy rating on JK Lakshmi Cement with a target price of Rs 458 citing that it estimates the company’s cement volum...
High margins attract fund managers to Balkrishna IndustriesBalkrishna currently operates at earnings before interest depreciation and tax, or EBITDA, margin of over 20%, which is considered decent i...