WE RECENTLY MET Apollo Tyres and the key takeaways are as follows: (i) demand trends are mixed, with weakness in OEMs but steady replacement demand; (ii) raw material (RM) cost pressures are expected to persist through Q3FY25E, with relief anticipated from Q4FY25E onwards; (iii) pricing actions have been implemented to mitigate margin pressures, although competitive intensity in certain segments remains high; (iv) several measures are being undertaken to address revenue and margin challenges in the domestic market; and (v) a 15% capacity expansion in the passenger car radial (PCR) segment is underway. We maintain our Sell rating.
Denne historien er fra December 17, 2024-utgaven av Financial Express Kolkata.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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Denne historien er fra December 17, 2024-utgaven av Financial Express Kolkata.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
Shriram Group arm raises $1.28-bn loan
SHRIRAM FINANCE (SFL), the flagship company of the Shriram Group, raised $1.277 billion in multiple currencies, including dollar, euro and dirham (AED), through an external commercial borrowing (ECB) loan transaction.
Indices extend losing streak for third consecutive session
BENCHMARK INDICES FELL up to 0.62%, continuing their losing streak for the third straight session, as investors remained cautious ahead of the US Federal Reserve meeting outcome.
Rupee moves closer to 85/$
ON A SLIPPERY TRACK
Offshore instruments rule adds to compliance burden for FPIs: Experts
● Negligible trades with derivatives as underlying assets in last three years
Mobikwik debuts at 58% premium; ends opening day with 90% gains
● Vishal Mega Mart sees over 40% gains in opening trade
New chapter: LEAD Group eyes premium schools
WESTBRIDGE CAPITAL-BACKED edtech unicorn LEAD Group has unveiled Pinnacle, a digital curriculum solution targeting high-fee schools, marking its shift from affordable institutions.
Country Delight starts 10-15 minute delivery
DIRECT-TO-CONSUMER dairy and daily essentials brand Country Delight has become the latest entrant to the 10-15 minute delivery space.
Infosys inaugurates ₹426-cr development centre in Bengal
INFOSYS, THE COUNTRY'S second-largest IT services firm, on Wednesday inaugurated a state-of-the-art development centre in New Town, Kolkata, marking a major milestone in West Bengal's IT growth story.
Subsea cables: Big Tech may get govt support
● Focus now on establishing repair & maintenance infra
Rental housing norms for factory workers this week
TO SUPPORT WORKERS' productivity for manufacturing growth, the Centre will unveil later this week the framework for affordable rental housing for industrial workers under a public-private partnership (PPP) model with likely viability gap funding (VGF) of around 40% of the project cost to private concessionaires, sources told FE.
