Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "Apollo Tyres is worth buying. It is a nice chart. It has been in a trading range for the last ten days. It is now pushing against the top of its range at Rs 62. So, it is a trade that is worth taking. If we assume that the market had overdone its bit on the downside then a rally is quite possible."
The share touched its 52-week high Rs 102.45 and 52-week low Rs 54.60 on 14 September, 2012 and 21 June, 2013, respectively. Currently, it is trading 40.75 percent below its 52-week high and 11.17 percent above its 52-week low. Market capitalisation stands at Rs 3,059.43 crore. Also Read: No risk to Cooper deal; completion by Oct: Apollo Tyres
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