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INCREMENTAL TYRE DEMAND
What actually determines your car's final selling price onlineIndia's booming used car market sees online valuations as a starting point, not a final offer. While platforms like Cars24 aim for transpar...- Apollo Tyres to invest Rs 5,800 cr to expand capacity in Andhra PradeshApollo Tyres announced a significant Rs 5,810 crore investment to expand its Andhra Pradesh manufacturing facility, aiming to boost passeng...
- Expect double-digit growth in replacement, international business despite rubber price hike: CEATCEAT Ltd anticipates double-digit growth in replacement and international business this fiscal despite rising natural rubber prices, prompt...
- India will contribute 10 pc of incremental global petchem demand growth: Hardeep Singh PuriThey are set to account for more than a third of the growth in oil demand by 2030, and nearly half by 2050, ahead of trucks, aviation and s...
- CEAT aims to make deeper inroads into small towns, eyes 1 lakh outlets in 2-3 years:COO Arnab BanerjeeThe company, which has successfully partnered with kirana store operators, small automobile spare parts sellers and puncture repair shops, ...
- Ceat expects to double its Europe biz in overseas pushInternational demand is robust and the company has a huge opportunity to grow overseas, managing director Anant Goenka told ET in a recent ...
- Rajratan gains from tyre demand surge, import curbsIt has laid out an investment plan of ₹320 crore for increasing the capacity of its Thailand plant by 50% to 60,000 tonnes a year and then ...
- Yokohama to invest additional $171 million to double capacity of upcoming Vizag plantThe initial plan for the Visakhapatnam plant, which is underway now with the steel structure being erected, was 137 tonne per day capacity ...
- MRF announces bonus for employees after a sharp recovery in business“We are disbursing, to all MRF staff who went without an increment last year, one month's salary as a token of our appreciation for a spark...
- Tyre demand in FY21-24 may be insufficient to absorb capacities created in current capex cycle: India RatingsThe agency expects that segment-wise, two- or three-wheeler tyre capacities will be utilised 70-75 per cent and passenger car radials by 80...
- MFs add IT and pharma stocks for uncertain timesSome of the funds booked profits in Reliance Industries, the best performing blue-chip since March 23, when the Nifty hit a four-year low.
- Apollo Tyres to cut capex by Rs 400 cr this fiscal to preserve cash flowThe company had earlier earmarked a capex of around Rs 1,400-1,500 crore for the domestic operations for the current financial year. Now du...
- Buy Apollo Tyres, target Rs 232: Elara Capital"We reiterate Buy with a target price of Rs 232 on 11 times FY21E P/E," said Elara Capital.
- Buy NOCIL, target Rs 225: Motilal Oswal SecuritiesBuy NOCIL at a price target of Rs 225.
- 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.
- Revival of CV demand to lift margins of JK TyreJK Tyre is investing Rs 275 crore in the brownfield expansion of Cavendish for truck bus radial (TBR) tyres.
- Apollo Tyres Q2 net up about 18 per centIts net sales in Q2 of the current fiscal were Rs 3,300.64 crore, down 3.86 per cent, compared to Rs 3,433.45 crore in the year ago period,...
- MRF Q1 net jumps 60% on higher sales, lower costsIndia's top tyre-maker MRF Ltd said its first-quarter net jumped 60%, helped by higher sales and lower raw material costs.
- Apollo Tyres hits 52-week high; BofA-ML raises target priceApollo Tyres surged over 5 per cent to hit its 52-week high of Rs 98.70 on Wednesday after Bank of America-Merrill Lynch raised its target ...
- IIFL recommends Apollo Tyres with a `Buy’ and a target price of Rs 94IIFL expects ATL to report a 27% yo-y jump in PAT in FY12 and it recommends the stock with a `Buy’ and a target price of Rs 94.
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