Net Sales are expected to decrease by 1.5 percent Y-o-Y (down 3.2 percent Q-o-Q) to Rs. 4,194.5 crore, according to ICICI Direct.
Amid market volatility, sluggish industry demand outlook and significant rise in raw material cost, stock prices of tyre companies have come down significantly from their 52-week highs
Net Sales are expected to increase by 19.5 percent Y-o-Y (down 2.7 percent Q-o-Q) to Rs. 3,921.7 crore, according to ICICI.
Net Sales are expected to increase by 17 percent Y-o-Y (down 3.9 percent Q-o-Q) to Rs. 3,890.1 crore, according to ICICI Direct.
Ashwani Gujral of ashwanigujral.com advises buying Jubilant Life Sciences, Aban Offshore and Apollo Tyre.
Ashwani Gujral of ashwanigujral.com is of the view that one may buy Bank of Baroda, Canara Bank and Apollo Tyre.
Speaking of the more impending monetary policy meet tomorrow, Ambit Capital's Saurabh Mukherjea said a 25 bps rate hike is highly likely given the runaway price rise. If the inflation data stays as punchy, then another 25 bps rate hike cannot be ruled out in January, as it is the only tool left with the RBI to tackle price rise.
Apollo Tyre | Fortis Healthcare | Financial Technologies | MCX India and Federal Bank are stocks, which are in the news today.
Technical analyst, Sudarshan Sukhani, s2analytics.com is mildly bullish on the Nifty.
Rajen Shah of Angel Broking says he is positive on tyre industry. "JK Tyre looks more promising because on a valuation basis it is the cheapest," he adds. He feels the stock can move to Rs 220-225.
In CNBC-TV18's popular show Bull's Eye, Aashish Tater of FortuneWizard.com shares trading strategy of the day.
Sudarshan Sukhani of s2analytics.com advised buying Apollo Tyre. He has been upbeat on the stock.
Dolat Capital has come out with its report on 20 stocks. The research firm recommends buy ratings for 18 stocks and Sell ratings for 2 stocks.
In CNBC-TV18's popular show Bull's Eye, Aashish Tater, FortuneWizard.com shares trading strategy of the day.
According to the By Satish Gupta of Astrostocktips Tyre stocks like Apollo Tyre, MRF, JK Tyre and Pharma stocks like Dr Reddy, Sun Pharma, Cipla, Divis Lab will be grtting astologicz support.
According to Satish Gupta of Astrostocktips, pharma stocks like Divis Lab, Dr Reddy, Ranbaxy, Sun Pharma, Cipla and Tyre stocks like Apollo Tyre, MRF, Ceat will be getting astrological support.
Tyre stocks like Apollo Tyre, MRF, Ceat, pharma stocks like Orchid Chemical, lupin, Ranbaxy and sugar stocks like Shree Renuka, Balrampur Chini will be getting astrological suppor, says Satish Gupta of Astrostocktips.
Buy Apollo Tyre, says Sudarshan Sukhani of s2analytics.com. The chances are that once it breaks out it should go into uncharted territory; it is a very attractive stock to own.
A major fire broke out at the production unit of Apollo Tyres Kalamassery unit here tonight but no one was injured, police said.
In CNBC-TV18's popular show Bull's Eye, Parag Doctor, Keynote Capital shares trading strategy of the day.
Buy Apollo Tyre, says Sudarshan Sukhani of s2analytics.com.
Sudarshan Sukhani of s2analytics.com, says that the short-term traders do not have any positions. He also says that the Nifty can touch 5300 level.
In an interview to CNBC-TV18 technical analysts Sudarshan Sukhani of s2analytics.com said that the broad outlook for today is to remain away from intraday and short-term trends.
Sudarshan Sukhani of s2analytics.com is upbeat on SKS Microfinance.
On CNBC-TV18's show Super Six, market gurus Manas Jaiswal of manasjaiswal.com, Vishal Kshatriya of Edelweiss and Sanjeev Agarwal, Dynamix Research & Capital Management, place their bets on two stocks each, thus offering investors a variety of options to choose from.