According to reports from ET Now, Apollo Tyres shares were trading at ₹378.95 at 10:25 AM today, down 3.92% from the previous close. The stock's decline occurred despite positive analyst sentiment following the company's Q4 FY26 results. The current trading price reflects market uncertainty despite the company's strong quarterly performance.
Global brokerage Citi has largely maintained a constructive stance on Apollo Tyres stock following its Q4 FY26 results, as reported by ET Now. The brokerage has maintained a 'BUY' rating on the stock with a target price of ₹540. This recommendation comes despite the stock's recent decline, suggesting analysts remain optimistic about the company's prospects despite current market volatility.
According to ET Now reports, Q4 FY26 EBITDA and PAT beat estimates, demonstrating the company's strong operational performance during the quarter. This positive financial outcome contributed to the analyst's decision to maintain their bullish stance on the stock, despite acknowledging some challenges ahead.
As reported by ET Now, the demand outlook remains positive across segments, providing a favorable backdrop for the company's future performance. However, the brokerage has identified some headwinds, with commodity cost pressures expected to rise sharply. Additionally, the valuation multiple has been reduced to 17x from 19x earlier, reflecting market adjustments to the company's growth prospects.
According to ET Now reports, the brokerage has cut EBITDA estimates due to margin pressure concerns, despite maintaining their overall positive outlook. This revision reflects the analysts' assessment of potential challenges that could impact the company's profitability in the near term, even as they remain optimistic about the long-term prospects.
