Profit

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

NSE
224.50
Change Change %
-1.75 -0.77%

Updated:19 Nov, 2018, 11:04 AM IST

BSE
225.20
Change Change %
-1.40 -0.62%

Updated:19 Nov, 2018, 11:01 AM 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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