JM Financial Bullish On Tyres Sector Stocks, Buy Call Assigned For Higher Return

JM Financial has recommended investors to buy 2 Tyres sector stock as shares are likely to soar. These 2 stocks are Ceat Ltd and Apollo Tyres Ltd. Both stocks operate in mid cap space. Check details pertaining to the stocks below:

Buy Ceat Ltd: Current market price of Ceat Ltd is Rs 1407.25 apiece. JM Financial has recommended investors to buy Ceat Ltd with a target price of Rs 1800 apiece. If you buy Ceat Ltd share now, you can get potential return of 28%. The stock's 52-week high price is Rs 1981.45 apiece and 52-week low price is Rs 890.00 apiece, respectively. Its market capitalisation is Rs 5,692.34 crore.

The mid cap Tyres sector company was incorporated in 1958. It delivered 43% return in last 1-year and 20% return in last 3-years.

Buy Apollo Tyres Ltd: Current market price of the mid cap Tyres sector stock is Rs 310.25 apiece. JM Financial has suggested investors to buy Apollo Tyres Ltd with a target price of Rs 380 apiece. If you buy Apollo Tyres Ltd share now, you can get likely return of 23%. The stock's 52-week high is Rs 343.00 apiece and 52-week low price is Rs 167.15 apiece, respectively. Its market capitalisation is Rs 19,704.01 crore.

The stock gave 43% return in last 1-year and 120% return in last 3-years. The company was incorporated in 1972.

Disclaimer:The stocks have been picked from the brokerage report of JM Financial. Greynium Information Technologies, the Author, and the respective Brokerage House are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.