As per Trendlyne data, the average target price of the stock is Rs 417 which shows an upside potential of 1% from the current market prices. The consensus recommendation from 28 analysts for the stock is a Hold.
The company attributes the surge to its European operations outperforming the market under a tough scenario, while in India the focus remained on higher margin products and markets.
Apollo Tyres lifts net profit 124% tyrepress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tyrepress.com Daily Mail and Mail on Sunday newspapers.
Apollo Tyres Thursday said its consolidated net profit jumped two-fold to ₹397 crore for the June quarter against ₹177 crore in the corresponding period last year.
Apollo Tyres Q1 net profit jumps to Rs 397 crore financialexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialexpress.com Daily Mail and Mail on Sunday newspapers.