A relatively lower earnings yield reflects overvalued stocks.
Valuations are expensive as the stock has risen 433 per cent from its IPO price of Rs 299 per share.
JK Tyre is investing Rs 275 crore in the brownfield expansion of Cavendish for truck bus radial (TBR) tyres.
Higher earnings predictability also dictates how mid and smallcap outliers are valued.
The downgrades have followed a sharp increase in provisioning estimates in the banking sector.
Ralf Speth in an interview to Ketan Thakkar, Ashutosh Shyam and Satish John says the company has made significant progress in the electrification of cars .
The effect of rising input costs is reflected in the financials with a lag of a quarter or two.
FPI transactions in May dropped to 13.4 per cent against an average of 16 per cent of the total in the past 12 months.
A dip below the 200 DMA is typically perceived as bearish for any asset.
Of the total fair value, the core auto business accounts for 70 per cent of the value.
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