Buy Apollo Tyres Ltd For Target Rs.238.00 - Sharekhan

Key points

* Demand outlook improves as threat from Chinese imports set to recede:

Apollo Tyres (ATL) is likely to witness a revival in demand in the Truck & Bus replacement segment (accounts for ~39% of standalone and 25% of consolidated revenue). In a recent order, the US Department of Commerce has issued a not

23/03/2017 2:21:18 PM | Posted in Broking Firm Views - Long Term Report read full news
Commerce Ministry to meet tyre cos to discuss anti dumping duty on Mar 28

aking forward the probe for possible imposition of anti dumping duty on imports of a certain kind of radial tyres, the Commerce Ministry has called a meeting of the domestic players on March 28, reported PTI. Automotive Tyre Manufacturers' Association (ATMA) had filed the application on behalf of the domestic producers -- Apollo Tyres, J K Tyre Industries and Ceat Ltd for the investigations

Buy JK Tyre & Industries Ltd For Target Rs.144.00 - Religare Sec

JK Tyre & Industries Ltd

JKTYRE, after a recent breakout from its mid and short-term moving averages (100/50 EMA) on daily chart, has witnessed a marginal pause, offering fresh opportunity to re-enter. Hence, we suggest traders can accumulate as per the mentioned levels.

20/03/2017 12:07:43 PM | Posted in Broking Firm Views - Short Term Report read full news

Derivative Ideas Apollo Tyres Ltd For Target Rs.7.00 - Religare Sec

Derivative Ideas

APOLLOTYRE shed 1.5% of open interest as short covering. Call buying (unwinding by writers) was seen at 190 & 200 strikes and put writing was seen at 185 & 175 strikes. On charts, it has created a buying pivot on daily as well as on weekly charts. We recommend buying APOLLOTYRE 190 CE as per levels mentioned be

15/03/2017 11:36:05 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Apollo Tyres Ltd For Target Rs.12.00 - Religare Sec

Derivative Ideas

APOLLOTYRE added around 1.60% of open interest as long positions. Call buying was seen at 195 strike and some put writing was seen at 185 & 180 strike. We suggest buying 195 CE as per mentioned levels.

 

Strategy:

BUY APOLLOTYRE 195 CE AT 4.50-5, SL 1.80, TARGET 12

1/03/2017 9:49:45 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy Apollo Tyre Ltd For Target Rs.199.00 - Reliance Sec

Technical Research

* The stock is making higher bottoms on daily charts in the past days, with crossover of short term averages confirming the uptrend and we believe the stock risk reward is very favorable.

* The key technical indicators and RSI are showing signs of reversal on the upside with strong volume in the past few days poised for a b

28/02/2017 10:48:45 AM | Posted in Broking Firm Views - Short Term Report read full news
Buy CEAT Ltd For Target Rs.1,275.00 - RCML

Volumes on a roll but near-term stress on margins CEAT posted a strong 10% YoY growth in its Q3FY17 volumes, leading to above-expected revenues of Rs 14bn (RCMLe 12bn). However, EBITDA margins slid 200bps QoQ to 11% (RCMLe 11.5%) on higher RM prices and an adverse product mix. Adj. PAT stood at Rs 838mn, down 25% YoY. We cut our FY18/FY19 EPS by 6%/7% to build in rising RM pressures, and roll o

24/02/2017 12:03:17 PM | Posted in Broking Firm Views - Long Term Report read full news
Hold Apollo Tyres Ltd For Target Rs.180.00 - Emkay

* APTY Q3 revenue/EBITDA has come in 11%/8% above consensus estimates largely on account of better performance from European business.

* EBITDA margin came in at 14.4% (-280bps YoY, +20bps QoQ) against consensus expectation of 14.7%. Standalone EBITDA margin came in at 14.6% (-130bps QoQ) on account of higher raw material costs.

* Management believes a 6-7% price hike is ess

24/02/2017 11:50:51 AM | Posted in Broking Firm Views - Long Term Report read full news
Accumulate Apollo Tyres Ltd For Target Rs.196.00 – Kotak Sec

APTY's results came in ahead of expectation on account higher than expected revenues from the European business. Consolidated revenues grew by 17% YoY. EBITDA margin contracted YoY and QoQ to 14.4% on account of rise in raw material cost. However, high other income and lower tax rate translated into 6% growth in PAT, despite 2% decline in EBITDA. Going ahead, we expect there various drivers

13/02/2017 11:18:34 AM | Posted in Broking Firm Views - Long Term Report read full news
MRF profit plummets 30.7% at Rs 288.08 cr in December-quarter

Chennai-based tyre maker MRF Ltd on Friday reported a drop of 30.7 per cent in its standalone net profit after taxes (PAT) at Rs 288.08 crore for the quarter ended December 31, 2016, due to higher expenses. “The standalone net profit of the company stood at Rs 415.59 crore during the same period a year ago,” MRF Ltd said in a filing to the BSE on February 03, 2017.

However

Tyre, rubber industries saddened with Union Budget

Tyre manufacturers and MSMEs in rubber industry have expressed disappointment over the Union Budget not addressing their demand to remove inverted duty structure on tyre and rubber. While hailing the increased allocation for infrastructure and road sector in the Union Budget, the tyre industry expressed concerns over exclusion of rubber and tyres in the list of items on which duty inversion has

Apollo Tyres net up 6% at Rs 295.69 cr in Q3

Leading tyre manufacturer Apollo Tyres Ltd on Wednesday reported a rise of 6 per cent in its consolidated net profit after taxes (PAT) at Rs 295.69 crore for the October-December quarter ended December 31, 2016. “The consolidated net profit of the company stood at Rs 279.02 crore during the same period a year ago,” Apollo Tyres Ltd said in a filing to the Bombay Stock Exchange on Fe

Buy Ceat Ltd For Target Rs.85.00 - Religare Sec

Strategy: CEATLTD added around 13% of open interest as long positions. Daily vwap is around 1210 levels. On charts, it is trading on verge of trendline breakout on daily charts, it is also trading above short term as well as long term moving averages on same time frame. We suggest buying CEATLTD 1220 CE as per levels given below.

 

Strategy:

28/01/2017 9:58:27 AM | Posted in Broking Firm Views - Short Term Report read full news
Accumulate JK Tyre & Industries Ltd For Target Rs.160.00 - Religare Sec

Investment Rationale

*  The company is a part of the century-old JK Organisation, one of India’s leading private sector conglomerates with a multi-product, multi-location and multi-business operations.

*  The company’s manufacturing operations comprise 12 modern plants strategically located across the country – My

14/01/2017 12:14:02 PM | Posted in Broking Firm Views - Short Term Report read full news
MRF signs MOU to setup plant in Gujarat

MRF Ltd has said that the company has signed a Memorandum of Understanding [MOU] with the Government of Gujarat expressing its in-principle intention to set up a new manufacturing facility in Gujarat for manufacture of automotive tyres, tubes, flaps and related products.

The company proposes to invest a sum of about Rs. 4500 crores over a ten year period in a phased manner. The new pl

Buy Apollo Tyres Ltd For Target Rs.214.00 - Religare Sec

Apollo Tyres Limited

We’re reiterating our buy recommendation on Apollotyre as it was initiated in the given range.

 

Recommendation

Buy  Apollo Tyres Limited    @ 196-198    Stoploss 187  Target 214  CMP 197.10

12/01/2017 10:46:04 AM | Posted in Broking Firm Views - Short Term Report read full news

Buy Apollo Tyres Ltd For Target Rs.212.00 - Religare Sec

Apollo Tyres Limited

After the recent fall, APOLLLOTYRE has formed a  fresh buying pivot around its major support zone  of long term averages on the daily chart. Traders  shouldn’t  miss  the  opportunity  and accumulate  fresh in the given range

 

Recommendation

11/01/2017 9:44:59 AM | Posted in Broking Firm Views - Short Term Report read full news
JK Tyre seeks shareholders` nod to raise up to Rs 1,000 cr

JK Tyre & Industries said that it has sought shareholders' approval to raise up to Rs 1,000 crore by issuing securities. The tyre maker has sought approval of the shareholders to raise the funds by way of postal ballot.

"It is proposed to empower the board to raise funds through an issuance of any one or more types of securities, for an aggregate amount not exceeding Rs 1

JK Tyre plans to raise up to Rs 1,000 cr via securities

JK Tyre & Industries said that its board has given approval to raise up to Rs 1,000 crore by issuing securities. "The board approved raising of funds by issue of securities, convertible/non-convertible with or without warrant...By way of public and or private offerings...For an amount of up to Rs 1,000 crore in one of more tranches," JK Tyre & Industries said in a regulatory f

Hold Apollo Tyres Ltd For Target Rs.210.00 - Sharekhan

Key points

Demonetisation to impact demand in Indian operations:

The Government of India’s demonetisation move (banning of high denominated currency notes of Rs500 and Rs1000) has led to a cash crunch situation and has impacted demand in the consumption space (FMCG, Consumer Discretionary). Post the demonetisation announcement, the RBI

23/12/2016 11:06:21 AM | Posted in Broking Firm Views - Long Term Report read full news
Ceat to invest Rs 2,800 crore over five years

Tyre manufacturer Ceat on Friday announced that its Board of Directors has approved an investment of Rs 2,800 crore (approximately), spread over a period of five years.

According to the RPG Group company, with this investment, Ceat's capacity would go up by one million tyres a year for Truck Bus Radials (TBR), 17 million tyres per annum for two-wheelers and six million tyres per a

Buy Ceat Ltd For Target Rs.1385.00 - Religare Sec

CEAT Limited

CEATLTD is all set for fresh breakout post indecisive move that lasted for almost two weeks. Yesterday, i.e. 15th December, it traded with positive bias through out the day and settled near day’s top where as benchmark Nifty index struggled. This clearly indicates strength.

 

Recommendation

16/12/2016 9:36:02 AM | Posted in Broking Firm Views - Short Term Report read full news
TVS Srichakra tumbles nearly 8% post Q2

Shares of TVS Srichakra tanked nearly 8 per cent on the Bombay Stock Exchange after India's leading two and three wheeler tyre manufacturer reported a 1.8 per cent decline in its standalone net profit at Rs 48.18 for the quarter ended September 30, 2016, compared to Rs 48.97 crore in the same quarter last fiscal.

Weighed down by Q2 earnings, shares of company declined as much as 7

Buy Ceat Ltd For Target Rs.1400.00 - Religare Sec

CEAT Limited

We reiterate buy call of CEATLTD as it was not initiated in previous trading session.

 

Recommendation

Buy CEAT Ltd @ 1265- 1275 Stoploss 1220 Target 1400 CMP 1269.05

7/12/2016 11:00:04 AM | Posted in Broking Firm Views - Short Term Report read full news