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Goodyear India soars 18% after announcing interim dividend of Rs 80/share

The record date has been set at December 15, 2020 for the dividend

Goodyear to make tyres using silica derived from rice husk ash
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Goodyear to make tyres using silica derived from rice husk ash

SI Reporter Mumbai
Shares of Goodyear India zoomed 18 per cent to Rs 1,179 on the BSE on Tuesday after the company announced interim dividend of Rs 80/share for the financial year 2020-21 (FY21). The auto tyres & rubber products maker has fixed December 15, 2020 as record date for ascertaining shareholders for entitlement of interim dividend.

This is a positive surprise, as previous trend had averaged Rs 12-13 per share for the past several years, ICICI Securities said in a note.

With today’s rally, the stock of Goodyear India has now rallied 41 per cent in the past seven trading