Reduce Apollo Tyres: target of Rs 447: ICICI Securities
ICICI Securities recommended reduce rating on Apollo Tyres with a target price of Rs 447 in its research report dated May 15, 2024.
Source: moneycontrol.com
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Apollo Tyres block deal: Warburg Pincus arm likely to sell 3.5% stake for Rs 1,040 crore
The floor price for the block deal will likely be Rs 460-465 per share
Source: moneycontrol.com
Rane Holdings: Rane Holdings consolidated Q4 PAT at ₹38cr | Chennai News
Rane Holdings reported a consolidated net profit of Rs 38.4 crore for Q4FY24, recovering from a loss. Total revenue was Rs 874.4 crore, down 8%, with EBITDA at Rs 87.6 crore, a 23.4% decrease. Full-year net profit was Rs 149.6 crore, up 71.4%, with an EBITDA margin of 9.5%.
Source: indiatimes.com
apollo tyres shares: Apollo Tyres shares jump 7% post Q4 results. Should you buy or sell?
Apollo Tyres' shares rose by 7% to Rs 508 in Thursday's trading session on the BSE, despite the company posting modest financial results for the March quarter of FY24. Although the firm reported a 13.7% year-on-year (YoY) decrease in net profit, amounting to Rs 354 crore compared to Rs 410.3 crore in the same quarter last year, brokerage firms maintained a largely optimistic outlook on the stock.
Source: indiatimes.com
F&O stocks: Zee Entertainment Enterprises, Apollo Tyres among 5 stocks with short buildup
In Monday's trading session, the following five stocks witnessed a build of fresh short positions. Let us first understand how this conclusion is reached whether the stock has seen a buildup of fresh short position or not.
Source: indiatimes.com