Buy Apollo Tyres on dips: Abhishek Karande

Abhishek Karande of SBICAP Securities told CNBC-TV18, "I am not going to buy Apollo Tyres at these levels because the stock is almost rallied more than 15 percent. So maybe I will buy it on a 3-4 percent dip but there is no second thought, the stock is positive. We are hitting new highs."

The company's trailing 12-month (TTM) EPS was at Rs 3.93 per share. (Sep, 2013). The stock's price-to-earnings (P/E) ratio was 26.69. The latest book value of the company is Rs 46.24 per share. At current value, the price-to-book value of the company was 2.27. The dividend yield of the company was 0.48 percent.

Disclosure: He may have recommended the above stock to his clients as a part of their holdings.