Apollo Tyres Ltd
APOLLOTYRE

247.30

Open ()
Turnover (lac)
Prev. Close ()
Day's Vol.(shares)

247.50

Open ()
Turnover (lac)
Prev. Close ()
Day's Vol.(shares)

247.50

Open ()
Open Interest
(Contracts)
VWAP ()
Day's Vol
(shares)
Detailed Quote

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Buy
Reco. Price
Rs 240.00
We recommend BUY on the stock on account of volume growth, capacity expansion and forward integration. Due to this, we expect topline to grow by ~11% led by radialisation and OEM demand uptick. The stock trading at FY18E P/E of 10.7x. (Target Price– Rs.267)
Detailed View
50 DMA (.)
201.91
100 DMA (.)
195.22
200 DMA (.)
192.32
Weekly Range (.)
228.95
249.50
Monthly Range (.)
200.65
249.50
52 Weeks Range (.)
139.35
249.50
Detailed Chart
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