Buy Apollo Tyres: Lalit Thakkar, Angel Broking

In a chat with ET Now, Lalit Thakkar, MD - Institution, Angel Broking, talks about Apollo Tyres.

One stock that you are absolutely certain, absolutely confident that you want to be a buyer and you will bet your family silver to buy that stock?

Beside Axis Bank, in the mid cap we like tyre companies right now. Though, it is a manufacturing and a very price competitive business but it is going through very interesting times. Reason being is that instead of investing in cross-ply technology, they are investing in radial technology, which will require a lot of capital. We think the margins will hold on and will improve dramatically. A stock which comes to my mind right now is Apollo Tyres in this space.

You are certain that you will bet your family silver and buy Apollo Tyres and the Axis Bank?

Yes, of course. One should not invest only in two stocks; he should have a portfolio of 15-20 stocks but these two stocks merits a place in the portfolio.