HDFC Securities has an 'add' call on Apollo Tyres; Here's why
Updated: 16 May 2022, 02:41 PM IST
- The brokerage firm underscored that over the last few years, Apollo has invested in R&D, brand building, and expanding its distribution network. This has in turn led to market share improvement in both India and Europe.
HDFC Securities expects Apollo to emerge as a major beneficiary of the favourable industry dynamics in India and continue to outperform Europe, given its lean cost structure.