Buy Apollo Tyres, target Rs 270: Shrikant Chouhan

Shrikant Chouhan of Kotak Securities has a buy call on Apollo Tyres with a target price of Rs 270.

The current market price of Apollo Tyres is Rs 257.15.

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

Shrikant Chouhan recommended to keep a stop loss at Rs 250.


Apollo Tyres, incorporated in the year 1972, is a Large Cap company (having a market cap of Rs 14,710.27 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.