Apollo Tyres a good bet: Suhas Samant

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Apollo Tyres a good bet: Suhas Samant

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

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Excerpts from Midcap Radar on CNBC-TV18 Watch the full show » ALSO READ See previous views by Suhas Samant See what other Experts & Brokerages are saying about Apollo Tyres See messages about Apollo Tyres Apollo Tyres BSE | NSE 13/02/12 Are Mutual Funds betting on Apollo Tyres?

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%."

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