Sell Apollo Tyres, target Rs 275: Manas Jaiswal

Manas Jaiswal of manasjaiswal.com has a sell call on Apollo Tyres Ltd. with a target price of Rs 275. The current market price of Apollo Tyres Ltd. is Rs 286.55 Time period given by analyst is Intra Day when Apollo Tyres Ltd. price can reach defined target.
Manas Jaiswal recommended to keep stoploss at Rs 292.
Apollo Tyres Ltd., incorporated in the year 1972, is a large-cap company with a market cap of Rs 16392.09 crore.

Apollo Tyres key products/revenue segments include Tyres, Tubes & Flaps which contributed Rs 9806.62 crore to sales value (98.82 % of total sales), subsidy which contributed Rs 46.45 crore to sales value (0.46 % of total sales), other operating revenue which contributed Rs 41.28 Crore to Sales Value (0.41 % of total sales), scrap which contributed Rs 29.34 crore to sales value (0.29 % of total sales)for the year ending 31-Mar-2017.

The company’s top management includes Dr.M Beena, Dr.S Narayan, GeneralBikram Singh, Mr.A K Purwar, Mr.Akshay Chudasama, Mr.Francesco Gori, Mr.Neeraj Kanwar, Mr.Nimesh N Kampani, Mr.Onkar S Kanwar, Mr.Robert Steinmetz, Mr.Sunam Sarkar, Mr.Vikram S Mehta, Mr.Vinod Rai, Mrs.Pallavi Shroff. Company has Deloitte Haskins & Sells as its auditoRs As on 31-03-2018, the company has a total of 572,049,980 shares outstanding.
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