Fears of rising cost pressures on account of soaring crude prices are weighing down the stock. After a rather disappointing show by MRF Ltd a week ago, Apollo Tyres Ltd fared well in comparison. At the consolidated level, Apollo Tyres’ Ebitda (earnings before interest, tax, depreciation and amortization) margin of 12.8% was in-line with what 11 Bloomberg analysts had forecast. Fears of rising cost pressures on account of soaring crude prices are weighing down the stock. Apollo Tyres’ increase in capacity both in India and Hungary and rising share in the truck and bus radial tyres will aid strong revenue growth, according to Emkay Global Financial Services Ltd.

Source: Mint May 14, 2018 05:03 UTC