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Buy Apollo Tyres Ltd. target Rs 297.0 : CK Narayan

Buy Apollo Tyres Ltd. at a price target of Rs 297.0 and a stoploss at Rs 285 from entry point.

ETMarkets.com|
Apr 19, 2018, 09.20 AM IST
0Comments
CK Narayan of Chart Advise has buy call on Apollo Tyres Ltd. with a target price of Rs 297.
The current market price of Apollo Tyres is Rs 289.45 Time period given by analyst is Intra Day when Apollo Tyres Ltd. price can reach defined target.
CK Narayan recommended to keep stoploss at Rs 285
Apollo Tyres, incorporated in the year 1972, is a Large Cap company (having a market cap of Rs 16557.99 Crore) operating in Tyres sector.

Apollo Tyres Ltd. key Products/Revenue Segments include Tyres, Tubes & Flaps which contributed Rs 9806.62 Crore to Sales Value (98.82 % of Total Sales), Subsidy which contributed Rs 46.45 Crore to Sales Value (0.46 % of Total Sales), Other Operating Revenue which contributed Rs 41.28 Crore to Sales Value (0.41 % of Total Sales), Scrap which contributed Rs 29.34 Crore to Sales Value (0.29 % of Total Sales)for the year ending 31-Mar-2017.


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Disclaimer: This recommendation is analyst's own and does not represent those of economictimes.com & ETMarkets.com. Please consult your financial advisor before taking any position in the stock/s mentioned.

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