The Yokohama Rubber Co. Ltd has agreed to buy Alliance Tire Group, a Netherlands-based company led by Indian entrepreneur Yogesh Mahansaria, for $1.2 billion from private equity firm KKR & Co. Ltd. Yokohama Rubber, a Japanese maker of passenger-car tyres, will purchase all shares from KKR and other parties and expects to complete the acquisition by 1 July, according to a statement released on Friday.
The deal is valued at about 2.2 times Alliance Tire’s annual sales and more than 12 times its operating profit for the 2015 fiscal year. INDIA LISTED TYRE STOCKS : NAMEMARKET CAPSALES 2015NET PROFIT 2015MC to SMC
to NPAPOLLO TYRE8918127859780.709BALKRISHNA INDS599237804891.5912CEAT434855922990.7815GOODYEAR INDIA111515791010.7111JKTYRE193061252530.328MRF14984131988981.1417TVS SRICHAKRA181918961040.9617
In the previous post of performed stocks list, sugar stocks are the top most gainers, in fact , it is not surprised one (at least for me) but it was expected and anticipated.
Holding the sugar stocks in the last 10 years is not the matter but when the momentum starts after a long consolidation/congestion , whether we bought and hold in this momentum is the matter because this is the cream, which must be capitalize and we also know that these momentum can't sustain very long period also.
The following text was sent as a mail to some of my privileged people on 15th Nov. 2015 itself.
The text starts with....
As for as Sugar stocks concerned,
NSE alone almost 26 stocks listed. In general, there is no individual
character for sugar stocks , all sugar stocks behave
wholesome in up move and in the same way, down move also they behave
wholesome only. So the general pattern and movements are look like PSU
In U.S., Sugar moved up from Sept. on wards after a bottom formed in…