Topics
Apollo Tyres | automobile industry | Markets
Ram Prasad Sahu |
Last Updated at February 21, 2023 22:02 IST
https://mybs.in/2cCQjoV
Led by a strong operating performance, Apollo Tyres posted better than expected financials in the December quarter. Higher gross margins led to a surge in operating profit and the softening raw material basket is a positive for profitability going ahead. Despite the improved show, the stock is expected to be range bound given the subdued outlook for domestic and international replacement segments.
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First Published: Tue, February 21 2023. 18:33 IST 
