Search Now

Recommendations

Showing posts with label Apollo Tyres. Show all posts
Showing posts with label Apollo Tyres. Show all posts

Sunday, August 29, 2010

Apollo Tyres


Shareholders can stay invested in the Apollo Tyres stock with a two-year perspective. At the current market price of Rs 72, the stock trades at about 8.6 times and 7 times its estimated consolidated earnings for FY11 and FY12, respectively. But uncertainty on two counts implies that fresh exposures to the stock can wait one, the unrelenting rise in the prices of rubber, the key raw material; two, the success of the company's European debut.