Buy Apollo Tyres, target Rs 302: Dr CK Narayan

Dr CK Narayan of Chart Advise has a buy call on Apollo Tyres Ltd. with a target price of Rs 302. The current market price of Apollo Tyres Ltd. is Rs 293.75. Time period given by the analyst is Intra Day when Apollo Tyres Ltd. price can reach defined target. Dr CK Narayan recommended to keep stop loss at Rs 289.

Apollo Tyres Ltd., incorporated in 1972, is a large-cap company with a market cap of Rs 16803.97 crore.

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.



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 31-03-2018, the company has a total of 572,049,980 shares outstanding.