Sell Apollo Tyres, target Rs 205: Edelweiss Financial Services

Edelweiss Financial Services has a sell call on Apollo Tyres Ltd. with a target price of Rs 205.0 .The current market price of Apollo Tyres Ltd. is Rs 222.65 Time period given by the brokerage is Intra Day when Apollo Tyres Ltd. price can reach defined target. Edelweiss Financial Services recommended to keep stop loss at Rs 238.0 .

Apollo Tyres Ltd., incorporated in the year 1972, is a largecap company (having a market cap of ₹ 11738.11 Cr.) operating in Tyres sector.

Apollo Tyres Ltd. key Products/Revenue Segments include Tyres, Tubes & Flaps which contributed ₹ 9565.74 Cr to Sales Value (98.56 % of Total Sales), Others which contributed ₹ 53.64 Cr to Sales Value (0.55 % of Total Sales), Subsidy which contributed ₹ 53.62 Cr to Sales Value (0.55 % of Total Sales), Scrap which contributed ₹ 27.40 Cr to Sales Value (0.28 % of Total Sales) and Other Operating Income which contributed ₹ 4.21 Cr to Sales Value (0.04 % of Total Sales)for the year ending 31-Mar-2016.

For the quarter ended 31-03-2017, the company has reported a Consolidated sales of ₹ 3269.22 Cr., down 4.83% from last quarter Sales of ₹ 3435.17 Cr. and up 10.22% from last year same quarter Sales of ₹ 2966.12 Cr. Company has reported net profit after tax of ₹ 228.24 Cr. in latest quarter. The company’s CEO is Mr.Onkar S Kanwar. It's Board of Directors include Ms.Seema Thapar, Mr.Anil Chopra, Mr.Chandrasekhar Velagapudi, Mr.Davendra Mittal, Mr.Dheeraj Prasad Sinha, Mr.Gaurav Kumar, Mr.Harish Bahadur, Mr.John Devadason, Mr.K Prabhakar, Mr.Marco Paracciani, Mr.Markus J Korsten, Mr.Martha Desmond, Mr.Mathias Heimann, Mr.Pedro Matos, Mr.Piush Bansal, Mr.Pravin Tripathi, Mr.Prem Prakash Sharma, Mr.Rajesh Dahiya, Mr.S Chockalingam, Mr.Satish Sharma, Mr.Sunam Sarkar, Mr.T R Gopalakrishnan, Ms.Seema Thapar, 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.Paul Antony, Mr.Robert Steinmetz, Mr.Sunam Sarkar, Mr.Vikram S Mehta, Mr.Vinod Rai, Mrs.Pallavi Shroff. Company has its registered office at Apollo Tyres Ltd, Aplio House, 7, , Industrial Area,, Gurgaon, 122001, Haryana. Company has Deloitte Haskins & Sells as its auditors. As on 31-03-2017, the company has a total of 509,024,770 shares outstanding.