Apollo Tyres is a good bet, says Suhas Samant, Head PMS, Sharekhan.

Samant told CNBC-TV18, "The raw material cost is supposed to go up but already it has been taken care of by increasing the tyre prices. So we are not much worried about that. We are expecting a good growth on the demand side from the replacement market. So we have already upgraded the earnings for FY10 and FY11 by 5% to 17%. So our expectation for the EPS for Apollo Tyres for FY11 is around 8 which trade at the current market price of 6. So it is a good bet for Apollo Tyres for upward revision of 20-30%.”

Disclosure: Personally I am not holding the above stock but we are recommending to our clients.