Apollo Tyres Ltd
APOLLOTYRE

210.60

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

210.60

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

210.85

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

View

Accumulate
Reco. Price
Rs 185.70
We recommend ACCUMULATE 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. However, we see limited upside with stock trading at FY18E P/E of 8.3x. (Target Price– Rs.203)
Detailed View
50 DMA (.)
186.66
100 DMA (.)
188.25
200 DMA (.)
184.77
Weekly Range (.)
199.20
211.30
Monthly Range (.)
177.80
211.30
52 Weeks Range (.)
139.35
234.75
Detailed Chart