In this article, we will talk about Apollo Tyres’ share price targets for 2022, 2023, 2025, and 2030 and what is the potential of the company. The way Apollo Tyres is taking steps to grow its business, it is expected to grow in the future.
So today we will do a complete analysis of the business of the company and try to know how the future performance of the share price can be seen in the coming days.
Apollo Tyres Share Price Target 2022:
In the last few years, due to the problems in the business of the auto sector, the performance of all the companies associated with it has been seen going through a very bad situation. Apollo Tyres also being an important company in this sector, its business was also affected.
But gradually, as soon as a good environment started showing in the business of the auto sector, Apollo Tyres is also showing a good boom in its business. Analysts believe that the auto sector is expected to sustain similar growth for a long time. Due to this in the coming days, along with the financial recovery of the company, there can be a good increase in the share price as well.
Looking at the improving business of the company, if we look at the share price target of Apollo Tyres by 2022, then the first target can be shown to you at Rs 290. As soon as you hit this target, you can try the second target for Rs 305.
Apollo Tyres Share Price Target 2023:
Apollo Tyres is constantly striving to strengthen its business in India as well as in the international market. For which the company was seen making changes in its product according to the demand of the market abroad. Along with this, Apollo Tyres is gradually strengthening its business in the international market.
At present, 69 percent of the company’s revenue is dependent on India, 26 percent on European countries, and the remaining 5 percent on other countries. Recently the company’s revenue mostly comes from India, but with the way the market is growing in Europe countries, good growth can be expected in the business.
Considering the company’s growing market in every country, by the year 2023, if you look at the share price, you can expect to see the first target of Rs 342. After that, you can look for another target of Rs.360.
Apollo Tyres Share Price Target 2025:
The way company seems to be focusing on manufacturing all types of tyres, similarly, the business of Apollo Tyres is seeing good growth. The company is seeing significant revenue from each segment.
However, the company has a strong leading market share in the truck and bus segment. But gradually Apollo Tyres seems to be focusing on all other types of small and big tyre segments. The management plans that in the coming times, the company will gain maximum market share in the rest of the tyre segment as well.
Apollo Tyres Share Price Target As the company is seen capturing every tyre segment, you are likely to see the first target of Rs 480. Then you can consider holding another target for Rs 520.
Apollo Tyres Share Price Target 2030:
Apollo Tyres is continuously expanding its distribution network, as of now, the company has more than 6700 dealers in India. The company seems to be fully focused to expand its distribution network in rural areas. For which the management has been seen partnering with every big and small dealer in the village.
As the company continues to improve its distribution network, in the long run, your business is going to strengthen accordingly. Due to this strong distribution network of Apollo Tyres, if we look at the long term till 2030, then the share price target is going to trade around Rs 1042.
Apollo Tyres Share Price Targets 2022, 2023, 2025, And 2030:
|Year||Apollo Tyres Stock Price Target First||Apollo Tyres Share Price Target Second|
Apollo Tyres Stock is forward-looking:
Apollo Tyres stocks look very good from a future point of view due to its strong market share in its business. In view of this, CRISIL has also been seen giving the best rating to the company in a long time.
As the company’s management seems to be making plans for the future, it can be expected that the company will be able to show its performance well in the coming years. As the demand for electric vehicles will be seen increasing in the future, Apollo Tyres can be seen taking more and more benefits by changing new innovative products in the tyre sector.
Risk in Apollo Tyres share :
If we see the biggest risk in the business of Apollo Tyres, being a tyre sector company, the price of its raw material fluctuates a lot. Due to this, its profit margins are never seen to be stable, due to which there is a lot of volatility in the share price. Also, if we look at the long-term growth of the company, then sales and profit did not show that good growth. However, gradually with the increasing demand of the auto sector, Apollo Tyres also seems to be showing good performance.
From my perspective:
Of course, Apollo Tyres seems to be slowly improving its performance but the risk should not be ignored at all. If you are planning to invest in this stock, then it is very important for you to see every result of the company thoroughly.
Whenever you feel that the performance of the company seems to be good, then you can think of investing in the stock. But keep in mind that before taking any investment decision, take the help of your financial advisor once.
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I hope Apollo Tyres’ share price targets 2022, 2023, 2025, and 2030 After reading the post, you have got an idea of how the company can show in the future. If you have any questions related to this, then definitely ask in the comment.