Buy Apollo Tyres Ltd. target Rs 284.0 : ICICI Direct

ICICI Direct has buy call on Apollo Tyres Ltd. with a target price of Rs 284.0. The current market price of Apollo Tyres is Rs 269.8. Time period given by analyst is month when Apollo Tyres Ltd. price can reach defined target. ICICI Direct recommended to keep stoploss at Rs 248.
Apollo Tyres Ltd., incorporated in the year 1972, is a Large Cap company (having a market cap of Rs 15448.21 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.