Company updateMoneycontrol
ICICI Securities retains Buy on Apollo Tyres with Rs 500 target
Positive+1
GreyOak summary
ICICI Securities maintains a Buy rating on Apollo Tyres, revising the target price to Rs 500 from Rs 515. The firm cut FY27 margin estimates by 40bps due to weaker EU profitability but expects structural improvements from restructuring. High capacity utilization remains around 90%.
What it affects
- Apollo TyresAPOLLOTYREPositive +1
Rolling sentiment Positive +15
Source
Read the original at MoneycontrolMore Apollo Tyres news
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