Name: Latest research reports of Goodyear India Ltd. authored by ICICI Securities Limited and published by - Trendlyne research reports.
Item: Goodyear India Ltd.
Rating: 5
Author: ICICI Securities Limited

Goodyear India Ltd.

NSE: GOODYEAR | BSE: 500168 | ISIN: INE533A01012 | Industry: Auto Tyres & Rubber Products
| Mid-range Performer

839.6500 4.00 (0.48%)

BSE Apr 11, 2025 15:31 PM

Near 52W Low of ₹806.00

Volume: 2,899

Goodyear India Ltd.

29 Jun 2020

839.65

0.48%

Goodyear India

Buy: Goodyear India Ltd.

Recommendation Target

ICICI Securities Limited

Goodyear India (GIL) is a leading domestic tyre player with manufacturing presence in farm equipment i.e. tractor and CV segments. It also serves the PV segment, albeit through trading route (manufacturing to trading mix as of FY19 was at 67:33). We expect the domestic tractor industry to outperform wider automotive space over FY20-22E as 1) it does not suffer from similar demand-side shocks on account of relatively stable rural incomes pursuant to remunerative crop prices, expectations of a normal monsoon in 2020, government focus on doubling farm incomes and...

Goodyear India Ltd. is trading below its 50 day SMA of 864.8