Buy Apollo Tyres, advises Sahil Kapoor

Sahil Kapoor of Edelweiss RCM Research told CNBC-TV18, "I had recommended a buy in Apollo Tyres for a target of about Rs 132. The stock has more steam. Current levels also present a good opportunity to buy because it is a counter where volatility has not increased a lot. We have seen good volumes with the stock rising steadily."

"The stock has gone up from Rs 115 to Rs 130. One can buy closer to Rs 128-129 and a stoploss of Rs 122 should hold. The stock should have a head towards Rs 138," he said.