Apollo Tyres has target of Rs 82: Gujral

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Apollo Tyres has target of Rs 82: Gujral

Ashwani Gujral, Technical Analyst is of the view that Apollo Tyres has target of Rs 82.

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Excerpts from Closing Bell on CNBC-TV18 Watch the full show » ALSO READ See previous views by Ashwani Gujral See what other Experts & Brokerages are saying about Apollo Tyres See messages about Apollo Tyres Apollo Tyres BSE | NSE 10/02/12 Are Mutual Funds betting on Apollo Tyres?

Ashwani Gujral, Technical Analyst is of the view that Apollo Tyres has target of Rs 82.

Gujral told CNBC-TV18, "Apollo Tyres at new highs, Rs 74 was a previous intermediate high, so once that gets crossed, you are in new territory, Rs 82 is the next target we have been talking about three figures coming in. So this sector seems to be getting its own traction within the auto ancillaries. So as long as we hold on to about Rs 63 to Rs 65, we should see triple digit figures soon."