BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
|Target Hit|| Long (1Y)
Credit Suisse upgrades Apollo Tyres to outperform
Apollo trades at a 25 per cent discount to MRF. Valuations at 6.3-times FY15 earnings are reasonable. Penalty judgment will be the next key trigger for the stock. Target upgraded to Rs 131 from Rs 89.