Buy Apollo Tyres Ltd. target Rs 274 : Prabhudas Lilladher

Prabhudas Lilladher has a buy call on Apollo Tyres Ltd. with a target price of Rs 274 .The current market price of Apollo Tyres Ltd. is 259.3 Time period given by analyst is week when Apollo Tyres Ltd. price can reach defined target. Prabhudas Lilladher recommended to keep stop loss at Rs 254.
The stock has made a decent upward move and has given a breakout above the previous peak of 254.25 level with good volume participation. We anticipate further upward momentum in this stock to scale the levels around 274.