Apollo Tyres Stock Price: A Complete Guide to NSE:APOLLOTYRE

The apollo tyres stock price is a key indicator for investors monitoring the Indian automotive and rubber industry. As a leading multinational tyre manufacturer, Apollo Tyres Ltd (NSE: APOLLOTYRE) commands a significant market share in both domestic and international markets. Whether you are a retail investor or a financial analyst, understanding the underlying fundamentals and technical signals of this stock is essential for navigating the equity markets.

Apollo Tyres Ltd (NSE: APOLLOTYRE) Stock Overview

Apollo Tyres Ltd is a prominent player in the global tyre industry, listed on both the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE). Recognized under the ticker APOLLOTYRE, the company operates in the automobile ancillaries sector. It is widely classified as a mid-cap or large-cap entity depending on market fluctuations, known for its diverse product portfolio ranging from passenger cars to heavy commercial vehicle tyres.

Real-Time Market Performance

Current Price and Trading Volume

As of May 2024, the apollo tyres stock price has shown resilience amid global supply chain shifts. According to data from

, the stock frequently sees high trading volumes, reflecting its liquidity. Investors monitor the intraday highs and lows on the NSE to gauge market sentiment and immediate support levels.

52-Week Range

The 52-week range provides a historical context for the stock's volatility. Analyzing the yearly high and low helps identify long-term resistance zones. A breakthrough above the 52-week high often signals bullish momentum, while a drop toward the 52-week low might indicate a buying opportunity or a fundamental shift in sector demand.

Financial Fundamentals and Valuation

Key Metrics

Valuation metrics are crucial for determining if the apollo tyres stock price is overvalued or undervalued. Key indicators include:

• Price-to-Earnings (P/E) Ratio: Currently hovering around 20.32 (per
  Yahoo Finance
  ), which helps compare its value against industry standards.
• Earnings Per Share (EPS): Reflects the company's profitability allocated to each outstanding share.
• Price-to-Book (P/B) Ratio: Indicates how the market values the company's net assets.

Dividend Profile

Apollo Tyres has a consistent history of rewarding shareholders through dividends. Investors often look at the dividend yield and recent record dates for payouts. A stable dividend profile suggests healthy cash flows and management's confidence in long-term earnings.

Financial Health and Profitability

Revenue and Margin Trends

The company's top-line growth is closely tied to raw material costs, particularly natural rubber and crude oil derivatives. Data from

indicates a compounded profit growth of approximately 21% over the last five years. Maintaining healthy operating profit margins (OPM) is vital for sustaining the apollo tyres stock price during inflationary periods.

Debt-to-Equity and ROCE

Efficiency is measured by the Return on Capital Employed (ROCE). Apollo Tyres' ability to generate returns from its capital investments, coupled with a manageable debt-to-equity ratio, ensures that the company remains solvent and capable of future expansions in markets like Europe and North America.

Shareholding Pattern and Institutional Interest

Promoter Holding

As of recent filings on

, promoter holdings stand at approximately 36.95%. A stable promoter stake is generally viewed as a sign of commitment from the founding family and long-term strategic stability.

FII and DII Investment

Institutional interest is a significant driver of the apollo tyres stock price. High stakes from Foreign Institutional Investors (FIIs) and Domestic Institutional Investors (DIIs), including major mutual funds, provide a cushion against extreme retail volatility and signal institutional confidence in the company's growth trajectory.

Market Comparative Analysis (Peer Group)

To understand the relative strength of APOLLOTYRE, it must be benchmarked against its peers. In the Indian market, its primary competitors include:

• MRF: The premium price leader in the segment.
• Balkrishna Industries: Focused on off-highway tyres.
• CEAT and JK Tyre: Direct competitors in the passenger car and truck segments.

Apollo Tyres often positions itself as a value-for-money brand with a strong focus on R&D and premiumization.

Technical Analysis and Forecasts

Chart Patterns and Indicators

Technical analysts track the 50-day and 200-day Moving Averages (DMA) to determine the primary trend of the apollo tyres stock price. Indicators like the Relative Strength Index (RSI) help identify overbought or oversold conditions, while MACD crossovers provide signals for entry and exit points.

Analyst Recommendations

Consensus ratings from platforms like

show a high 'Buy' percentage (around 75%) from market analysts. Brokerage firms frequently update target prices based on quarterly performance and outlook on the automobile sector.

Risk Factors and Market Outlook

Investing in Apollo Tyres comes with specific risks. Volatility in natural rubber prices and fluctuations in the automotive OEM (Original Equipment Manufacturer) demand can impact margins. However, the recovery of European operations and the growing demand for Passenger Car Radials (PCR) serve as significant future growth drivers.

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References

Information and data points in this article are derived from official exchange filings from BSE India, financial reports from Screener.in, and market analysis provided by The Economic Times and Yahoo Finance (2024).