Summary Marketline's Apollo Tyres Ltd Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments report includes business description, detailed reports on mergers and acquisitions (M&A), divestments, capital raisings, venture capital investments, ownership and partnership transactions undertaken by Apollo Tyres Ltd - Mergers & Acquisitions (M&A), Partnerships & Alliances since January2007. Marketline's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments r...
Summary Apollo Tyres Ltd - Company Profile and SWOT Analysis, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. Key Highlights Apollo Tyres Ltd (Apollo Tyres) is a manufacturer, distributor, and seller of tires, tubes, and flaps. The company's primary activities include the production of tires for various types of vehicles and...
BALKRISHNA INDUSTRIES: Revenue beat driven by strong volume growth (BIL IN, Mkt Cap USD5.3b, CMP INR2164, TP INR2300, 6% Upside, Neutral) Balkrishna Industries (BIL)'s 1QFY23 operating performance was largely in line. While strong volume growth drove a beat on revenue, margins were hurt by high RM costs and higher other expenses. We cut our FY23E EPS by 5% to account for higher RM and freight costs and maintain our FY24E EPS. Maintain Neutral with a TP of INR2,300 (premised on ~22x Sep'2...
The independent financial analyst theScreener just slightly lowered the general evaluation of BALKRISHNA INDUSTRIES (IN), active in the Tires industry. As regards its fundamental valuation, the title confirms its rating of 4 out of 4 stars while its market behaviour remains unchanged and can be qualified as defensive. However, a marginally less favourable environment forces theScreener to downgrade slightly the title, which now shows an overall rating of Slightly Positive. As of the analysis dat...
BALKRISHNA INDUSTRIES: Strong revenue growth dilutes RM cost inflation (BIL IN, Mkt Cap USD6.1b, CMP INR2361, TP INR2600, 10% Upside, Neutral) BIL’s 2QFY22 performance was led by strong demand tailwinds across geographies and segments, leading to its highest ever volumes. Aided by launches, it is gaining market share in geographies, including the US. We maintain our FY22E/FY23E EPS as upgrades in volume is being offset by higher RM costs. We maintain our Neutral rating due to rich valua...
Full Article at IIR has reaffirmed its Recommended rating for PIA after undertaking a review post the appointment of a new Portfolio Manager, Harding Loevner. The full report can be found on the IIR website. On 26 July 2021, Pengana International Equities Limited (PIA) announced a fully franked dividend of 1.35 cents per share for the June quarter. This represents an 8% increase on the March quarter dividend and takes the total dividends declared for FY21 of 5.1 cents per share, fully franked....
AUTOMOBILES – TYRES: Ready to roll; Return of growth, supported by timely capacity addition | APTY is our top pick The Indian Tyre industry is expected to recover from five years of weakness and be on a linear growth path (~12% CAGR over FY21-25E), supported by timely capacity expansion across companies. Improving demand, stable competitive intensity, and peak capex (capex of INR116b over FY22-24E v/s INR135.5b over FY19-21) augurs well for profitability. We estimate 2W/PCR/T&B tyre volum...
Correction Lows Established -- Add Broad Exposure Key $70 support on the MSCI ACWI (ACWI-US) held strong last week, and ACWI-US is now inflecting topside its bullish falling wedge pattern. This bullish price action combined with market dynamics which remain mostly healthy lead us to believe the lows of this recent correction are in. · Key Levels On MSCI ACWI & EM Indexes. Key support levels to watch moving forward include $70 on ACWI-US and $42.30 on EEM-US; if these support levels hol...
A director at Balkrishna Industries sold 1,874,563 shares at 0.000INR and the significance rating of the trade was 100/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two ...
Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind...
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