Buy Apollo Tyres, target Rs 268.20: ICICI Direct

ICICI Direct has a buy call on Apollo Tyres with a target price of Rs 268.20.

The current market price of Apollo Tyres is Rs 255.85.

Time period given by the brokerage firm is 'Intra Day' when Apollo Tyres price can reach defined target.

ICICI Direct recommended to keep a stop loss at Rs 259.90.

Apollo Tyres, incorporated in the year 1972, is a Large Cap company (having a market cap of Rs 15,002.01 Crore) operating in Tyres sector.

The company’s top management includes Dr.M Beena, Dr.S Narayan, GeneralBikram Singh, Mr.A K Purwar, Mr.Akshay Chudasama, Mr.Francesco Gori, Mr.Neeraj Kanwar, Mr.Nimesh N Kampani, Mr.Onkar S Kanwar, Mr.Robert Steinmetz, Mr.Sunam Sarkar, Mr.Vikram S Mehta, Mr.Vinod Rai, Mrs.Pallavi Shroff.

Company has Deloitte Haskins & Sells as its auditors.

As on 31-12-2017, the company has a total of 572,049,980 shares outstanding.