India, March 6 -- India's tyres and rubber products sector stands at around Rs 1 trillion, powering vehicles amid booming infrastructure and auto growth. In FY26, it's set for 7-8% revenue expansion, fueled by 50% replacement demand and 5-6% volume rise, despite raw material pressures-positioning it as a resilient market driver.
With a market capitalisation of Rs 27,884.11 crore, the shares of Apollo Tyres Ltd were trading at Rs 439.05 per share, decreasing around 1.10 percent as compared to the previous closing of Rs 443.95 apiece.
Brokerage Recommendation
Emkay has maintained a positive outlook on the tyre stock, assigning a Buy rating with a target price of Rs 600 per share. Compared to the current market price of Rs 439.05, this imp...
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