Sell Apollo Tyres, target Rs 143: Rakesh Bansal

Rakesh Bansal, Vice President at R K Global is negative on Apollo Tyres. The expert has advised investors to sell the stock with a target of Rs 143 and maintain a stop loss at Rs 153.50 in intraday trade. The stock has hit a high of Rs 152.30 and low of Rs 147.30 in trade so far. The stock has been trading below its 20-, 50-, 100- and 200-day moving averages.