Goodyear India upgraded to hold on valuation improvements
pre-market1 source ↓written by the desknot a recommendation
Goodyear India Ltd has been upgraded to hold due to a shift in valuation from very expensive to expensive. The stock's P/E ratio is now 31.78, down from previous highs, while its P/B ratio stands at 3.13. This indicates a more favorable valuation relative to its asset base, despite still being priced at a premium compared to peers.
Not investment advice. For informational purposes only.