Profit

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

NSE
194.60
Change Change %
11.00 5.99%

Updated:24 May, 2019, 15:59 PM IST

BSE
194.55
Change Change %
10.85 5.91%

Updated:24 May, 2019, 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
Closed 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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