Buy Call to Apollo Tyres – Target Price Rs. 245 / –
MK Global has given a buy call to Apollo Tyres with a target price of Rs. 245 / -. The current market price of this stock is Rs. 176.1 / -. The expected period for this is 1 year.
The company was established in 1972 and is a mid cap company. Total market capitalization is Rs. 11,234.94 crore.
The company’s main product and revenue department comes from tires, tubes, flaps, scrap.
For the quarter ended March 2022, total income declined by 1.90% over the previous quarter to Rs. 5615.49 crore. The net profit is Rs. 113.51 crore. Total income for the quarter ended December was Rs. 5724.43 crore.
At the end of March last year, the total income was Rs. 5087.57 crore.
The promoter holding is 37.34%, FII – 23.51%, DII – 14.47%.
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