Apollo Tyres: Potential Bounce
Apollo Tyres is currently positioned at a long-term trendline, which may indicate a potential bounce from these levels. Alternatively, investors might consider waiting for the stock to reach ₹440, a strong support level. The price has dropped approximately 20% from its all-time high.
Fundamental Points for Apollo Tyres (2024):
Market Capitalization: Approximately ₹33,260 crore.
P/E Ratio: Around 19.32, indicating reasonable valuation.
Debt-to-Equity Ratio: Low at 35.28, reflecting strong financial health.
Return on Equity (ROE): Approximately 13%, showcasing effective profit generation.
Sales Growth: Increased to ₹25,378 crore in FY 2024, up from ₹24,568 crore in FY 2023.
Fundamental Points for Apollo Tyres (2024):
Market Capitalization: Approximately ₹33,260 crore.
P/E Ratio: Around 19.32, indicating reasonable valuation.
Debt-to-Equity Ratio: Low at 35.28, reflecting strong financial health.
Return on Equity (ROE): Approximately 13%, showcasing effective profit generation.
Sales Growth: Increased to ₹25,378 crore in FY 2024, up from ₹24,568 crore in FY 2023.
Declinazione di responsabilità
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