scorecardresearchBrokerages upbeat on Apollo Tyres despite margin headwinds

Brokerages upbeat on Apollo Tyres despite margin headwinds

Updated: 20 Jun 2022, 03:59 PM IST
TL;DR.
  • Given the current uncertainty, the management is cautious and has re-iterated its intent to reduce capex intensity in the coming years and focus on improving the return ratios and cash flow.
Brokerage firm Motilal Oswal Financial Services has a 'buy' call on Apollo Tyres with a target price of  <span class='webrupee'>₹</span>265, implying a 51 percent upside from the stock's current market price.

Brokerage firm Motilal Oswal Financial Services has a 'buy' call on Apollo Tyres with a target price of 265, implying a 51 percent upside from the stock's current market price.