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Buy Apollo Tyres, target Rs 236: Kunal Bothra

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Independent analyst Kunal Bothra has a buy call on Apollo Tyres Ltd.

with a target price of Rs 236.

The current market price of Apollo Tyres Ltd.

is Rs 222.4 Time period given by the analyst is Intra Day when Apollo Tyres Ltd.

price can reach the defined target.

Kunal Bothra recommended to keep stoploss at Rs 215.

Apollo Tyres Ltd., incorporated in 1972, is a midcap company with a market cap of Rs 12722.39 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.

For the quarter ended 30-09-2018, the company has reported a Consolidated sales of Rs 4192.37 Crore, down -1.34 % from last quarter Sales of Rs 4249.40 Crore and up 22.66 % from last year same quarter Sales of Rs 3418.01 Crore Company has reported net profit after tax of Rs 146.02 Crore in latest quarter.

The company’s top management includes Dr.M Beena, Dr.S Narayan, GeneralBikram Singh, 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 30-09-2018, the company has a total of 572,049,980 shares outstanding.




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