Goodyear India @ 223.5 #Closed - Target achieved on 04.03.10#

Goodyear India is engaged in the manufacture of tyres and rubber products

•  Provides a range of car passenger tyres including the new Eagle ultra-high performance and Excellence radials 
• The light truck range includes the Wrangler and G28 series. Trucks are provided with Power 2000, Power Torq, HMG 8, and CT 162 and the farm sector includes Sampurna, ASSG, NRT, ..etc.
• It has two manufacturing facilities in Ballabgarh and Aurangabad
• The company launched the branded retail shop-in-shop concept, the company`s strategic initiative in organized tyre retailing of the large tyre replacement market
• Supplies passenger car tyres to Maruti, Telco, Mahindra & Mahindra, Ford, Fiat and many more. Tractor tyres are supplied to manufacturers like PTL, ITL, TAFE, Eicher and Escorts. Bus and truck tyres are rolled out to TELCO, Ashok Leyland, and Swaraj Mazda
• Tyres are exported to Pakistan, Nepal, Bangladesh, Srilanka, Bhutan, Australia, Dubai, Hongkong and Phillipines
• Has posted net profit of 61 Cr in 3 qtrs of FY010 and registered an EPS of 27

Trading at P/E of 6.2. Promoters are holding more than 74%. Likely to get delisted this yr. Invest for a period of 1 yr. Tgt 290+.....