BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
|Open|| Long (1Y)
Reliance Securities Reiterates 'Buy' On Apollo Tyres
As radialisation forms only 45 per cent of domestic truck and bus tyre market, Reliance Securities sees a significant scope for radialisation in the domestic CV segment, which would benefit manufacturers like Apollo Tyres going forward. Steady stabilisation in Hungarian operations and a gradual increase in contribution from the OEM segment are likely to aid profitability for Apollo Tyres, according to the brokerage.