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.
Three brokerage houses have offered ratings for Apollo Tyres. The stock has witnessed a strong rally from yearly low of Rs 183 to 52-week high touched recently at Rs 427.