ICICI Securities has reaffirmed its BUY recommendation on Apollo Tyres Ltd., raising the 12-month target price to Rs 555 (from Rs 520), representing a 16% upside from the current market price of Rs
Apollo Tyres stock was trading firm on Thursday and the stock has witnessed bullish breakout on technical charts. Apollo Tyres was trading 1.8 percent at the time of publication of this report.
Indian markets staged a strong comeback on Friday with NSE Nifty rising 2.4% (557 points). This recovery marks one of the strongest single-day recovery for Indian markets in the recent times.