Birla Tyres Share Price Target Forecast 2022, 2023, 2025, 2030

13 September 2021

BWR D ratings have been assigned to Birla Tyres bank facilities by Brickwork.

Birla Tires Limited’s bank credit facilities (fund based and non-fund based) totaling Rs 1,221.91 crore have been awarded ratings by Brickwork Ratings India Pvt Ltd.

On bank facilities of Rs 1,072.85 crore, the credit rating agency assigned the firm a BWR D grade. It also assigned a Rs 149.06 crore non-fund BWR D grade.

Birla Tires Limited was selling at Rs 24.60 per piece on the BSE at roughly 1.19 p.m., down Rs 0.20 or 0.81 percent.

Indianinfoline is the source of this information.

09 August, 2021

In the June 2021 quarter, Birla Tyres reported a standalone net loss of Rs 60.12 crore.

Sales fell by 89.97% to Rs 2.89 crore.

Birla Tires recorded a net loss of Rs 60.12 crore for the quarter ended June 2021, compared to Rs 88.57 crore in the previous quarter. Sales fell by 89.97 percent to Rs 2.89 crore in the quarter ending June 2021, compared to Rs 28.80 crore in the preceding quarter. is the source for this information.

September 29, 2020,

Birla Tyres is in contact with a number of companies about collaborating on a variety of tyre projects.

Birla Tires Limited, which was recently split out from multi-product firm Kesoram Limited, is in negotiations with a number of possible partners for strategic partnerships, including off-site manufacture of a variety of tyre products, both domestically and internationally. This includes gathering technical data for off-road and other specialised parts such as material handling.

Birla Tires chairman Manjushree Khaitan told shareholders at the firm’s virtual annual general meeting on Tuesday that the business is focusing on utilising its previous history to expand the brand in the tyre category, including off-road and other speciality categories. will concentrate

Off-road tyres have a deeper tread pattern to give better grip on difficult surfaces such loose soil, mud, sand, or gravel.

The business also intends to fund roughly Rs 200 crore, which would be split into two parts: fresh equity and debt. P Radhakrishnan, director of Birla Tires, stated that conversations with possible strategic partners and financial agencies were progressing well and would be finished in the next three to six months.

The company’s facilities in Odisha are also being renovated to enhance capacity utilisation by combining current and new product lines to appeal to a broader customer, ranging from high-value truck tyres to four-wheeler and two-wheeler segments. Are you able to help me?

Earlier in the day, Kesoram Industries executives told shareholders that despite the pandemic’s beginning and the resulting lockdown, the firm is essentially cash neutral for FY’20. “Our subsidiary, Signet Industries, has signed a deal with Futamura Chemicals Co. Ltd. in Japan, which will expand the worldwide reach of its transparent paper goods.”

Futamura is a global leader in cellulose film production and distribution. Its diverse product offerings enable it to service a wide range of customers, including food, medicinal, and industrial applications. is the source for this information.

26 August, 2020

The shares of Birla Tyres has risen 5% as the company intends to raise Rs 1,100 crore.

After meeting on August 28 (Friday) to examine possibilities for raising capital, Birla Tires shares touched the upper circuit of 5% in early trade today. The tyre manufacturer intends to raise up to Rs 1,100 crore in stock or debt instruments, including non-convertible debentures.

Birla Tires’ stock climbed 4.94 percent to Rs 23.35 on the BSE, boosted by the fund-raising strategy. The stock started trading at Rs 23.25, up 4.49 percent from its previous closing of Rs 22.25.

In a month, the stock has lost 14% of its value. On the BSE, 0.22 lakh shares changed hands for a total of Rs 5.19 lakh in turnover.

After two days of declines, the stock has gained traction. The stock had only buyers and no sellers in the early stages of trade.

The stock is trading above the 5 day, 100 day, and 200 day moving averages, but below the 20 and 50 day moving averages.

The company’s market capitalization climbed to Rs 332.95 crore.

Birla Tires said that its board of directors would meet on August 28 (Friday) to discuss alternatives for raising capital of up to Rs 1,100 crore through stock or debt instruments, including non-convertible debentures.

It said that if needed, shareholders’ approval would be sought after board approval.

Birla Tire, situated in Kolkata and serving two-wheelers, three-wheelers, and commercial vehicles, did not disclose the reasons for the capital raise.

Meanwhile, after rising in the morning session, the Sensex and Nifty were trading flat in the afternoon session. The Sensex fell down 34 points at 38,809, erasing the earlier gains. The Nifty 50 index, on the other hand, concluded at 11,474 with a 1 point increase. is the source of this information.

Disclaimer: The views and investment tips expressed by investment expert on Stock consultant bihar are Sourced From Brokerage Firms Research Reports & Market Experts Opinion. We advises users to consult your investment advisor before taking any decisions. Our Website Contain Demat Account & Algo Trading affliate Link. If You’ll Register Through Our Link We May Get Profit.

More Share Price Target Updates:

We will be happy to hear your thoughts

Leave a reply

Stock Consultant Bihar