In April, CEAT agreed to acquire Camso brand’s Off-Highway construction equipment bias tyre and tracks business from Michelin in an all-cash deal valued at about $225 million.
Stocks to Watch, Mar 21: Stocks like Lloyds Metals and Energy, Ashoka Buildcon, CG Power and Industrial Solutions, Unichem Laboratories, Happiest Minds Technologies, Piramal Pharma, Power Finance Corporation, Asian Paints, Container Corporation of India, Tamilnad Mercantile Bank, and Endurance Technologies will be in focus on March 21.
Sandeep Mahajan, Chairman and Managing Director, Goodyear India, said that the near-term concerns around the macro environment remain.
The company's standalone profit rose to 336.1 million rupees ($4.1 million) for the quarter ended March 31, from 173.9 million rupees a year ago, it said in an exchange filing.
Revenue from operations rose to Rs 767 crore in the period under review as compared with Rs 698 crore in the September quarter of the previous fiscal, Goodyear India said in a statement.
ICICI Direct is bullish on Goodyear India has recommended buy rating on the stock with a target price of Rs 1130 in its research report dated March 18, 2021.
The Board of Directors of the company declared interim dividend of Rs 80 per equity share of face value of Rs 10 each, for the financial year 2020-21.
ICICI Direct is bullish on Goodyear India recommended buy rating on the stock with a target price of Rs 910 in its research report dated June 29, 2020.
Sandeep Mahajan succeeds Rajeev Anand, who is superannuating from the company after completing more than 38 years of service.