Sell Apollo Tyres, price target Rs 90: Chandan Taparia

Chandan Taparia of Motilal Oswal Financial Services has a sell call on Apollo Tyres Ltd. with a target price of Rs 90.0 . The current price of Apollo Tyres Ltd. is Rs 104.0 Time period given by the analyst is Intra Day when Apollo Tyres Ltd. price can reach defined target. Chandan Taparia recommended to keep a stoploss at Rs 111 .

Apollo Tyres Ltd., incorporated in 1972, has a market cap of Rs 5949.32 crore.

Apollo Tyres Ltd. key Products/Revenue Segments include Tyres, Tubes & Flaps which contributed Rs 12013.12 Crore to Sales Value (97.24 % of Total Sales), Other Operating Revenue which contributed Rs 264.18 Crore to Sales Value (2.13 % of Total Sales), Others which contributed Rs 76.46 Crore to Sales Value (0.61 % of Total Sales)for the year ending 31-Mar-2019.


For the quarter ended 31-12-2019, the company has reported consolidated sales of Rs 4347.16 Crore, up 10.73 % from last quarter sales of Rs 3926.06 crore and down -6.62 % from last year same quarter sales of Rs 4655.37 crore. The company has reported net profit after tax of Rs 173.92 crore in latest quarter.