Stock of Interest

Posted On: August 1, 2023

Stock Report: APOLLOTYRE (NSE) 31 Jul 2023 

Apollo Tyres Limited is an Indian multinational tire manufacturing company headquartered in Gurugram, Haryana. Founded in 1972, it has grown to operate five manufacturing units in India, one in the Netherlands, and one in Hungary. In 2023, the company had 7,835 employees and achieved a revenue of 24,609.22 crores INR (US$3.1 billion). Its subsidiaries include Apollo Vredestein and Reifencom.

#xCalData predicts that #APOLLO will continue its bullish phase over the next five days and trend within the range of   419 to 448. 

In comparison to the previous month, the price of the stock has experienced an increase of 5.70% indicating a bullish.

The Stock has doubled Once since 11 Dec 2015 and took an average of 2.4 years to double.

The stock has not shown seasonality trend in the past. 

Reviewing the returns for the past 5 years for the same week, we see the stock has given negative returns in 3 years in the past. 

Majority of the technical ratios trend towards Bullish side of the spectrum. Only ASI indicates Bearish view. 

Collectively, xCalData suggests the stock would be in Bullish zone for next 5 days. 

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