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India Equity Research Reports, IPO and Stock News
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India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
Summary
click to view report
With rubber prices beginning to soften and strong growth from the European business, Apollo tyres at CMP of Rs75.5 is trading at a P/E multiple of 7.3x its consensus FY13E earnings of Rs10.3 and looks a better player in the tyres segment. The deterrent for the company is the losses from the South African business, any improvement seen from this operation should boost the consolidated bottom line going forward.
click to view report
With rubber prices beginning to soften and strong growth from the European business, Apollo tyres at CMP of Rs75.5 is trading at a P/E multiple of 7.3x its consensus FY13E earnings of Rs10.3 and looks a better player in the tyres segment. The deterrent for the company is the losses from the South African business, any improvement seen from this operation should boost the consolidated bottom line going forward.
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