Apollo Tyres Share Price Target 2026: Global brokerage Citi has largely maintained a constructive stance on tyre manufacturer Apollo Tyres’ stock following its Q4 FY26 results, citing positive demand outlook across segments.
At 10:25 AM today, shares of Apollo Tyres were trading at Rs 378.95, down 3.92 per cent from the previous close.
Brokerage firm Citi has maintained a Buy rating on the stock with a target price of Rs 540.
– Q4FY26 EBITDA and PAT beat estimates.
– Demand outlook remains positive across segments.
– Commodity cost pressures expected to rise sharply.
– Valuation multiple reduced to 17x from 19x earlier.
– Brokerage cuts EBITDA estimates due to margin pressure concerns.
