Buy Apollo Tyres, says Sudarshan Sukhani

Jul 04, 2013, 02.10 PM IST

Sudarshan Sukhani of s2analytics.com recommends to buy Apollo Tyres as the stock is pushing against the top of its range at Rs 62.

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Buy Apollo Tyres, says Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com recommends to buy Apollo Tyres as the stock is pushing against the top of its range at Rs 62.

Like this story, share it with millions of investors on M3

Buy Apollo Tyres, says Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com recommends to buy Apollo Tyres as the stock is pushing against the top of its range at Rs 62.

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Sudarshan Sukhani of s2analytics.com told CNBC-TV18, " Apollo Tyres is worth buying. It is a nice chart. It has been in a trading range for the last ten days. It is now pushing against the top of its range at Rs 62. So, it is a trade that is worth taking. If we assume that the market had overdone its bit on the downside then a rally is quite possible."

The share touched its 52-week high Rs 102.45 and 52-week low Rs 54.60 on 14 September, 2012 and 21 June, 2013, respectively. Currently, it is trading 40.75 percent below its 52-week high and 11.17 percent above its 52-week low. Market capitalisation stands at Rs 3,059.43 crore.

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