Apollo Tyres Ltd
APOLLOTYRE

186.85

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

186.95

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

186.85

Open ()
Open Interest
(Contracts)
VWAP ()
Day's Vol
(shares)
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Accumulate
Reco. Price
Rs 186.00

Last updated on 05-Jan-2017

We recommend an ACCUMULATE on the stock on account of volume growth, capacity expansion and forward integration. Due to this, we expect top line to grow by ~10% led by radialisation, and OEM demand uptick. ATL has limited upside at FY17E P/E of 9.1x. (Target – Rs 197)
Detailed View
50 DMA (.)
189.25
100 DMA (.)
198.24
200 DMA (.)
178.94
Weekly Range (.)
184.60
198.60
Monthly Range (.)
179.65
198.60
52 Weeks Range (.)
127.05
234.75
Detailed Chart