Business

Goodyear India – Strong Brand And Parentage: HDFC Securities Initiates Coverage

[ad_1]

BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy. 

HDFC Securities Retail Research

Goodyear India Ltd. commands leadership position in tractor tyres industry in India and supplies to almost all leading tractor manufacturers.

With monsoons being normal this year, government’s focus on increasing farm income, increasing level of mechanisation in agriculture and growing rural wages is likely to drive higher demand for tractors in the coming years.

Considering the drop in natural rubber prices, higher/stable price in tyre replacement market, pricing discipline in the industry and improving financials, we think Goodyear India remains a good bet on rural prosperity.

The company would continue to receive technology support from its parent company ‘Goodyear Tyre and Rubber Company’, which is one of the world’s leading tyre companies.

Goodyear India’s excellent balance sheet strength (zero debt company) and its multinational company parentage drives confidence on the company.

Click on the attachment to read the full report:

DISCLAIMER

This report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.



[ad_2]

Source link

What is your reaction?

Excited
0
Happy
0
In Love
0
Not Sure
0
Silly
0

You may also like

Comments are closed.

More in:Business