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OHT MARKET GROWTH
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...
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...
Balkrishna Industries shares rise 3% as Nomura upgrades to buy, sees 22% upsideBalkrishna Industries’ shares rose 3.4% after Nomura upgraded the stock to “buy,” citing strong growth prospects and attractive valuations....
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...
Balkrishna Industries off-roading well in India & US, Europe to give tractionBalkrishna Industries’ global peers have cut down production as their revenue fell by around 10% in the March quarter, but Balkrishna’s vol...
Buy Ceat, target price Rs 1860: Motilal Oswal Financial ServicesThe brokerage reiterates its BUY rating with a TP of Rs 1,860 (based on ~13x Dec-24 EPS).
Balkrishna to retain edge on higher volume, rupee fallThe Street has been penciling in EBITDA margin of 30 per cent for the next two fiscal years.
Upbeat US outlook improves traction for Balkrishna IndustriesHigher volumes may translate into better margins on account of higher plant utilisation
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
This stock turned Rs 1 lakh into Rs 6 crore in 15 years; missed it?Data shows four stocks from tyre sector have surged over 5,000 per cent in last 15 years.
- Accumulate Balkrishna Industries, target Rs 1,858: KR Choksey Securities
KR Choksey Securities has an accumulate call on Balkrishna Industries at a price target of Rs 1,858.
Balkrishna earnings projections to brighten on Michelin global outlookThe better volume outlook for the OHT segment should drive volume growth at Balkrishna Industries
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...