Apollo Tyres Ltd. News and Updates

Name: Latest research reports of Apollo Tyres Ltd. authored by ICICI Securities Limited and published by - Trendlyne research reports.
Item: Apollo Tyres Ltd.
Rating: 4
Author: ICICI Securities Limited

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Apollo Tyres Ltd.

27 Jun 2023

451.05

1.03%

Buy Apollo Tyres ; target of Rs 472: Sharekhan

Moneycontrol

Sharekhan is bullish on Apollo Tyres has recommended buy rating on the stock with a target price of Rs 472 in its research report dated June 26, 2023.

Number of FII/FPI investors decreased from 295 to 271 in Mar 2025 qtr

Apollo Tyres: Valuations reflect positives, margin expansion a key trigger

Business Standard | 26 Jun 2023

Apollo Tyres Ltd.

26 Jun 2023

451.05

1.03%

Apollo Tyres trades flat after investor meet. Here's what analysts have to say

Moneycontrol

In its investor meet, Apollo Tyres said it will maintain its focus on improving return on capital employed (ROCE) and profitability instead of solely pursuing market share growth

Apollo Tyres Ltd. is trading below its 30 day SMA of 468.9

Apollo Tyres Ltd.

26 Jun 2023, 12:00AM

451.05

1.03%

Limited triggers left for further upside

Accumulate: Apollo Tyres Ltd.

Recommendation Target

ICICI Securities Limited

We visited the Andhra Pradesh facility of Apollo Tyres (APTY) and interacted with its management on business outlook and future plans. Following are the key takeaways: 1) Facility with ~350TPD capacity, making TBR and PCR with investment of Rs40bn for phase-1, is built on ~250acres of land and this land can take care of the brownfield expansion till ~1,000TPD.

Apollo Tyres Ltd. is trading above its 100 day SMA of 441.2

Apollo Tyres Ltd.

24 May 2023, 03:55PM

451.05

1.03%

Apollo Tyres to source 100% of its natural rubber from firms committed to sustainability guidelines

Business Line

The new initiative, which came into full effect recently, forms part of Apollo Tyres' Global Sustainability Strategy

Number of FII/FPI investors decreased from 295 to 271 in Mar 2025 qtr

Apollo Tyres Ltd.

15 May 2023

451.05

1.03%

APOLLO TYRES

Hold: Apollo Tyres Ltd.

Target

Geojit BNP Paribas

Apollo Tyres Ltd. is trading above its 100 day SMA of 441.2

Apollo Tyres Ltd.

14 May 2023

451.05

1.03%

Apollo Tyres expects double-digit revenue growth in FY24 on organic growth

Business Standard

Apollo Tyres Ltd expects double-digit revenue growth in FY24 purely on the performance of organic volume growth, according to company President Asia Pacific, Middle East and Africa, Satish Sharma. The Indian tyre industry is in a sweet spot with strong demand coming in while raw material prices are moderating, he said although reducing tyre prices would depend on competitive intensity. "We are still in the same vicinity of a double-digit growth. It is definitely on the cards," Sharma said in an interaction here. He was responding to a query on the revenue growth outlook for FY24. In 2022-23, Apollo Tyres clocked a consolidated revenue from operations of Rs 24,568 crore as against Rs 20,948 crore in 2021-22. With the base effect and impact of COVID-19 pandemic "all gone", Sharma said,"Going forward, it's all volume (growth), there is nothing that will come out of value (due to price hikes) except for a mix enrichment, which is a continuous process." For the tyre industry also, he

Apollo Tyres Ltd. has an average target of 563.33 from 6 brokers.

Apollo Tyres Ltd.

13 May 2023

451.05

1.03%

Buy Apollo Tyres; target of Rs 430: Motilal Oswal

Moneycontrol

Motilal Oswal is bullish on Apollo Tyres recommended buy rating on the stock with a target price of Rs 430 in its research report dated May 10, 2023.

Apollo Tyres Ltd. is trading below its 30 day SMA of 468.9

Apollo Tyres Ltd.

11 May 2023

451.05

1.03%

BP Equities Q4FY23 Result Update Apollo Tyres Ltd

Results Update: Apollo Tyres Ltd.

BP Wealth

Apollo Tyres Ltd. is trading below its 30 day SMA of 468.9

Apollo Tyres Ltd.

11 May 2023

451.05

1.03%

Bullish on India, expanding in the US, Middle East: Apollo Tyres VC MD Neeraj Kanwar

Moneycontrol

The Indian tyre major, which has entered into mobility services business with the launch of its new venture 'AVOLVE' offering digitised tyre management services for commercial vehicles, sees contribution from exports to increase to 45 per cent of its global revenue by 2025-26 by when it expects to clock USD 5 billion.