Tyres stocks are trading in higher PE in stock exchanges in recent months now we are discussing one stock from MNC TYRES MANUFACTURERS GROUP " GOODYEAR INDIA LTD".
Goodyear tire & rubber company is a parent of the GOODYEAR INDIA is one of the world's largest tire companies, employees approximately 73000 people. Goodyear manufacturing it's products in 54 facilities in 22 countries.
Goodyear India 90 year old company in India with two plants in BALLABARAH and AURANGABAD. Goodyear India suppliers tyres to many of the leading original equipment manufacturers. Company doing mainly passengers car tyre segment.
Promoter holding 74% of 23cr paid up equity capital, SBI MAGNUM FUND holding 8% stake. Goodyear reported 433cr sales with 28.91cr net profit an EPS of 12.53 in latest quarter,expected 2014-15 full year EPS around 50. Details of company click this link www.goodyear.com
Tyre stocks trading crazy in market one can buy this stock for long term portfolio @ 655 stock trading only BSE (BSE CODE 500168),it is low risk stock for investors.
Disclosure:- I am invested this company shares.