Desi tyre maker in a fast lane, but analysts see many bad patches where it can skid

Desi tyre maker in a fast lane, but analysts see many bad patches where it can skid
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Desi tyre maker in a fast lane, but analysts see many bad patches where it can skidBy
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Some analysts are still upbeat in their long-term outlook for the stock and project up to 59 per cent rise in a year’s time.
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NEW DELHI: Good quarterly numbers alone aren’t earning you a re-rating on Dalal Street. Analysts are more focused on the headwinds appearing on the horizon before upgrading a stock.
Apollo Tyres' is one case, where despite solid March quarter numbers, which were above consensus estimates in terms of both revenues and margins, the stock is struggling to get a secular rerating.

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