Apollo Tyres News Today

Apollo Tyres global success with Indian-manufactured tyres highlighted by MD Neeraj Kanwar. Tyres under Apollo and Vredestein brands accepted worldwide, including in Germany and the US.

Indian market is anticipated to rise on Friday, following positive global trends. Nifty futures closed down by 1.13% at 22487 on Thursday. Options data indicates a trading range of 21800 to 23100. Experts recommend buying Apollo Tyres, Coromandel International, Texmaco Rail, Indus Tower, Oberoi Realty, and Sona BLW Precision Forging for short-term trading.

The automobile industry encompasses a wide range of companies, each specialising in different aspects of vehicle production, maintenance, and enhancement. Here's a detailed look at the various types of automobile companies and their contributions to the industry.

Nifty Auto and Nifty Metal have shown strong performance in 2024 YTD, outperforming the benchmark. Experts favor auto over metals for long-term investment due to growth potential, innovation, and less impact from global factors.

ICICI Securities recommended reduce rating on Apollo Tyres with a target price of Rs 447 in its research report dated May 15, 2024.

- Overdrive

Indian blue-chip equity indices ended flat on Friday, with NSE Nifty 50 and S&P BSE Sensex gaining 2.2% and 2.02% for the week, led by financials and metal stocks.

The week gone by was highly volatile, with Nifty gaining 2.2% or 490 points in four sessions and hitting a lifetime high of 23,000. The week was also in the news for block deals involving over three dozen companies from large, mid and smallcap segments worth Rs 13,059 crore on screen.

Reports suggested that Warburg Pincus arm, White Iris Investment, was eyeing to sell 3.5 percent stake in Apollo Tyres.

Sun Pharma, Power Grid, Grasim, Max Healthcare, India Bank, Nykaa, Petronet LNG, Metro Brands, Gland Pharma and Paytm are among the companies that will announced Q4 results later today.