Not MRF, not CEAT: 3 reasons why Emkay Global predicts 36% rally in this tyre stock
Apollo Tyres’ stock has fallen by 5% in the last 5 days due to rising crude prices, worrying manufacturing companies. However, Emkay Global maintains a ‘Buy’ rating with a target price of Rs 600, predicting a 36% increase. The company is expected to have strong demand, maintain margins, expand capacity, and benefit from a European restructuring plan, leading to higher profitability.