Preview: Goodyear India largely unchanged ahead of Q3 results

JK Tyre & Industries

14/02/2023 07:42

** Shares of Goodyear India  GDYR.NS  trading largely
unchanged ahead of third quarter results
    ** Shares trading 0.2% down at 1,047 rupees as of 12:45 p.m
IST
    ** Tyre maker's profit slid 60.3% last year, and 30.8% in
the Sept-qtr
    ** Indian unit of U.S.-based Goodyear Tire & Rubber Co
 GT.O  has reported a profit rise only once in the last four
quarters
    ** Larger rivals Apollo Tyres  APLO.NS , JK Tyre &
Industries  JKIN.NS  and MRF  MRF.NS  have all recorded
double-digit rise in profits, while CEAT  CEAT.NS  swung to a
profit after reporting a loss in the previous year
    ** Stock down 5.4% so far this year up to last close
 (Reporting by Nandan Mandayam in Bengaluru)
 ((Nandan.Mandayam@thomsonreuters.com; Mobile: +91 9591011727;))