Apollo Tyres shares jump over 6% after UBS upgrades stock to Buy from Neutral. Here’s why

Apollo Tyres shares surged after UBS upgraded the stock to Buy and raised its target price to Rs 590. The brokerage sees earnings recovery potential, supported by improving India and Europe prospects, despite near-term rubber cost pressures. Strong Q1 revenue growth and reduced exceptional losses also supported the positive outlook.

Raccontata daeconomictimes.indiatimes.com