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Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
Angel Broking maintains accumulate on Goodyear India
Goodyear reported disappointing set of numbers for the first quarter of FY2015 on account of lackluster passenger car and tractor sales. The management has indicated that they are looking at newer segments and looking at both organic and in-organic routes to improve its market share. Revised target based on price earnings multiple of 13 times of calender year 2016 earnings per share.