ICICI Securities Recommends Buy on Apollo Tyres with Target of ₹535

Status: Pending

Age: New (2025-08-14)

TRACK

Brokerage

ICICI Securities

Analyst

Brokerage Team

Position

Bullish

Start Date

2025-08-14

Horizon

Mid Term

Target Price and Expected Returns

Start Price

₹465.80

Target Price

₹535

Expected Returns

14%

Summary

ICICI Securities is bullish on Apollo Tyres and has recommended a buy rating with a target price of ₹535. The brokerage maintained its recommendation based on positive domestic demand and expected capacity additions in international markets.

ICICI Securities's justification for Apollo Tyres target price prediction

Domestic replacement demand remains healthy in TBR and PCR segments.
RM basket prices are likely to moderate due to corrections in crude derivatives.
Restructuring efforts are expected to enhance profitability starting FY27.
International markets expected to see growth supported by capacity addition.

ICICI Securities maintains a BUY rating on Apollo Tyres with a target price of ₹535, citing healthy domestic demand and expected improvements in profitability.

Sources:

(https://www.moneycontrol.com)

Tags:

Apollo Tyres, Brokerage Team, Bullish, ICICI Securities, stock_prediction

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