Apr 17, 2012, 02.49 PM | Source: CNBC-TV18
One can go long in Apollo Tyres on every dip, says Shardul Kulkarni of Angel Broking.
Kulkarni told CNBC-TV18, "From a trading perspective Apollo Tyres definitely looks poised for a further upmove. Stock is already at all time high and showing you signs of moving higher. So from a trading perspective the lower side support level is at Rs 86-87, so the long as the stock stays above Rs 86-87 the bull trend will continue."
He further added, "I think that every dip should be used to go long with a stoploss of around Rs 81. So I would have a target of around three digits which is Rs 100 incase of Apollo Tyres."
The firm, which had forayed into two-wheeler segme
ICICI Direct has recommended hold rating on Apollo
"The company is investing almost Rs 3,000 crore in
The company, whose board today approved raising of
Apollo Tyres Ltd has informed BSE that the meeting