TradingView
NikunjPurohit
Nov 13, 2018 7:47 PM

Apollo Tyre Long

APOLLO TYRESNSE

Description

1) Bounce with double bottom from long term trendline
2) ok result with good accumulation ; currently at trendline
3) Fundamentally apollo tyre biz should have tailwind of lower rubber and crude cost - trades at 13-P/E
4) High sale of CVs in last 2 years will have stronger replacement demand which will have better margins
More