Buy Apollo Tyres, target Rs 283: Dharmesh Shah

Dharmesh Shah of ICICI Direct has a buy call on Apollo Tyres with a target price of Rs 283.

The current market price of Apollo Tyres is Rs 267.65.

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

Dharmesh Shah recommended to keep a stop loss at Rs 258.


Apollo Tyres, incorporated in the year 1972, is a Large Cap company (having a market cap of Rs 15,310.92 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.