Profit

BSE Code: | NSE Code: | ISIN: | Sector:

NSE
238.85
Change Change %
-4.70 -1.93%

Updated:18 Sep, 2018, 15:55 PM IST

BSE
238.70
Change Change %
-4.70 -1.93%

Updated:18 Sep, 2018, 16:01 PM IST

Research Report Detail

Brokerage
Analyst
Report Date Call Price@Call Target Price
Stop Loss
Current Status Time Horizon
Reliance Securities
N/A
03-04-2018 Buy 285.40 335.00
N/A
Open Long (1Y)
03-04-2019

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.

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