In the auto ancillaries sector, I’ve been tracking Apollo Tyres stock from the levels of 63 which was the price around mid August. That was the level where the stock had bottomed out and was consolidating. The stock then started rallying up and now is trading around 80 rupees per share. I feel that the stock has further upside momentum left and as the markets are making new highs, this stock will also rally.

Buy Apollo Tyres : -

Short Term Target – 90+

Medium Term Target – 100+

Stop Loss – 80

Disclaimer – I don’t have any personal holding in this stock, but I do track it on a regular basis.

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