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VERIFIEDET Markets·positive
Apollo Tyres shares jump over 6% after UBS upgrades stock to Buy from Neutral. Here’s why
AI Summary
- ·Apollo Tyres shares increased by over 6% following a UBS upgrade to 'Buy'.
- ·UBS raised the target price for Apollo Tyres to Rs 590.
- ·UBS cited earnings recovery potential from India and Europe, alongside strong Q1 revenue growth, as reasons for the upgrade.